GHCL Limited has completed the divestment of its Home Textile business to lndo Count Industries Limited effective 2nd April 2022, after obtaining all relevant regulatory and shareholders’ approvals. The total consideration for divestment of the Home Textiles Business has been calculated at INR 608.30 crores (subject to validation of customary closing date adjustment of working…
Tag: GHCL Limited
Indo Count acquires home textile business of GHCL Ltd
by
•Indo Count Industries Limited, a manufacturer and exporter of Home Textiles, announced it has entered into a Business Transfer Agreement (BTA) with GHCL Limited (GHCL) for acquisition of its Home Textile business at Vapi, Gujarat, on a going concern basis by way of a slump sale and Asset Transfer Agreement (ATA) for acquisition of specified…