CCI approves demerger of the Textiles Business of GHCL Ltd. (“GHCL”)into its wholly owned subsidiary GHCL Textiles Limited (“GHCL Textiles”) https://www.taxtmi.com/news?id=23214 Approval under Section 31(1) of the Competition Act, 2002 permits GHCL Ltd. to transfer its textiles undertaking into its newly incorporated, wholly owned subsidiary GHCL Textiles Limited, with GHCL retaining chemicals and consumer products operations and GHCL Textiles receiving the demerged textiles business; the subsidiary is presently dormant and wholly owned. en-us Wed, 30 Sep 2020 09:40:28 +0530 Wed, 30 Sep 2020 09:40:28 +0530 TaxTMI RSS Generator CCI approves demerger of the Textiles Business of GHCL Ltd. (“GHCL”)into its wholly owned subsidiary GHCL Textiles Limited (“GHCL Textiles”) https://www.taxtmi.com/news?id=23214 Approval under Section 31(1) of the Competition Act, 2002 permits GHCL Ltd. to transfer its textiles undertaking into its newly incorporated, wholly owned subsidiary GHCL Textiles Limited, with GHCL retaining chemicals and consumer products operations and GHCL Textiles receiving the demerged textiles business; the subsidiary is presently dormant and wholly owned. News - Wed, 30 Sep 2020 09:40:28 +0530 https://www.taxtmi.com/news?id=23214