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TMI BlogCCI approves demerger of the Textiles Business of GHCL Ltd. (“GHCL”)into its wholly owned subsidiary GHCL Textiles Limited (“GHCL Textiles”)X X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves demerger of the Textiles Business of GHCL Ltd. (“GHCL”)into its wholly owned subsidiary GHCL Textiles Limited (“GHCL Textiles”) X X X X Extracts X X X X X X X X Extracts X X X X ..... Competition Commission of India (CCI)approved demerger of the Textiles Business of GHCL Ltd. ("GHCL")into its wholly owned subsidiary GHCL Textiles Limited ("GHCL Textiles") under Section 31(1) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Competition Act, 2002. GHCL is a public limited company incorporated in India and is stated to be engaged in the business of (i) manufacture and sale of inorganic chemicals including but not limited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to Soda Ash (Dense grade and Light grade), Sodium Bicarbonate, Industrial Salt and Consumer Products ('Chemical Business') and (ii) manufacture and sale of textiles including but not limited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to yarn manufacturing along with weaving, processing, cutting and sewing of home textiles products ('Textiles Business'). GHCL Textiles is a Public Limited Company incorporated in India. Pres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ently, GHCL Textiles Ltd. is a wholly owned subsidiary of GHCL. It is a newly incorporated company and has not initiated any business activity. Pursuant to the proposed demerger, GHCL will retain its ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chemicals and consumer products business and GHCL Textiles will have the demerged Textiles business. X X X X Extracts X X X X X X X X Extracts X X X X
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