TaxTMI 
TaxTMI 
CCI approves demerger of the Textiles Business of GHCL Ltd. (“GHCL”)into its wholly owned subsidiary GHCL Textiles Limited (“GHCL Textiles”)
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....CI approves demerger of the Textiles Business of GHCL Ltd. (“GHCL”)into its wholly owned subsidiary GHCL Textiles Limited (“GHCL Textiles”) <br>News and Press Release<br>Dated:- 30-9-2020<br><....
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....BR>The 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)....
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.... of the 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 ....
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....limited 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 l....
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....imited 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 Indi....
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....a. Presently, 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 ret....
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....ain its chemicals and consumer products business and GHCL Textiles will have the demerged Textiles business.<BR> News - Press release - PIB....