Welspun India on Friday announced that the company and Target Corporation, a retailer with over 1,900 stores in the U.S.A. will be working together again, having recently completed a vendor re-empanelment process with Welspun Global Brands Ltd.
Welspun Global Brands is a subsidiary of Welspun India.
In its regulatory filing, Welspun India stated that until FY16, the business with Target Corporation accounted for almost 10% of our overall business.
Going forward, Welspun India said that the company shall strive to foster a strong, transparent and sustainable business relationship with
Target Corporation.
At around 2.45 pm, Welspun India was trading at Rs100.85 per piece up by Rs9.65 or 10.6% on Sensex.
The stock has touched a new 52-week high of Rs104.45 per piece in early deals of Sensex.