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GHCL's secured creditors approves scheme of demerger of inorganic chemicals, textile biz

09 Jul 2021 Evaluate

GHCL’s secured creditors have approved the scheme of demerger of the company's inorganic chemicals and textile businesses. The company's shareholders and unsecured creditors had already approved the scheme of demerger in April this year. With this, the company will now approach the NCLT for its approval.

GHCL is a leading producer of synthetic soda ash in India. Over the years, it has diversified into yarn and home textile products.

Peers
Company Name CMP
Godrej Industries 1043.95
SRF 2466.00
BASF India 3387.20
Pidilite Inds. 1499.00
Tata Chemicals 632.40
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