M&A M&A
GHCL divests home textile biz to Indo Count for Rs. 608-Cr
Source Mint (opens in a new tab)
Noida-based GHCL has completed the divestment of its home textile business to Mumbai-headquartered Indo Count Industries, a manufacturer and exporter of home textiles, for INR 608. 30 crore. The completion of the divestment is effective from April 2, 2022.
With this acquisition, Indo Count becomes the largest global home textile bedding manufacturer, with an annual capacity of 153 million metres.