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.