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: RS Jalan
GHCL’s demerger gets a nod from Shareholders and Creditors
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•GHCL, India’s leading Chemical & Textile Company, announced that the secured creditors have approved the scheme of demerger of GHCL’s Inorganic Chemicals and Textile businesses. The shareholders and unsecured creditors had already approved the scheme of demerger in a meeting held in April earlier this year. With this the Company will now approach the honorable…