Archive · 16 Sep 2026
Welspun Living Arm Gets Credit Rating Upgrade
Welspun Living is a company that makes home textile products.
Its subsidiary, Welspun Global Brands, received a credit rating upgrade or revision.
The change applies to loans worth Rs 900 crore.
The company reported this information to the stock exchange.
Investors watched the company’s shares after the announcement.
The shares opened slightly below their earlier closing price.
During Wednesday’s trading, the stock moved both higher and lower.
It reached Rs 204.40 at its highest point and Rs 195.65 at its lowest point.
Welspun Living makes items such as towels, bed linen, bath linen and other home products.
Welspun Global Brands, a material subsidiary of Welspun Living, received a credit rating revision.
The revised rating covers bank loan facilities worth Rs 9,000 million, or Rs 900 crore.
Welspun Living disclosed the revision under Regulation 30 of SEBI’s listing regulations.
Shares opened at Rs 201.35, compared with the previous close of Rs 202.25.
The stock reached Rs 204.40 and fell to Rs 195.65 during Wednesday’s session, about 3.26% below the previous close at its low.
- Who
- Welspun Global Brands, a material subsidiary of Welspun Living, and Welspun Living’s shareholders.
- What
- Welspun Global Brands received a credit rating revision covering bank loan facilities of Rs 9,000 million, or Rs 900 crore, while Welspun Living shares fluctuated in trading.
- When
- The disclosure and share-price movement were reported on Wednesday; no specific date was provided.
- Where
- The disclosure concerns Welspun Living, a Mumbai-headquartered company from India, and its listed shares.
- Why
- The company made the disclosure under Regulation 30 of the Securities and Exchange Board of India’s listing regulations.
- Subsidiary
- Welspun Global Brands
- Loan facilities covered
- Rs 9,000 million, or Rs 900 crore
- Share opening price
- Rs 201.35
- Previous closing price
- Rs 202.25
- Day’s high
- Rs 204.40
- Day’s low
- Rs 195.65
- Business
- Home textiles, including towels, bed and bath linen, and other home textile products