Indo Count Industries surges on completing acquisition of home textile business of GHCL

Indo Count Industries Ltd. | Textile | Textiles & Apparels | BSE: 521016 | NSE: ICIL

04 Apr 2022 Evaluate

Indo Count Industries is currently trading at Rs. 175.75, up by 6.55 points or 3.87% from its previous closing of Rs. 169.20 on the BSE.

The scrip opened at Rs. 171.70 and has touched a high and low of Rs. 179.00 and Rs. 171.30 respectively. So far 77245 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 314.80 on 11-Oct-2021 and a 52 week low of Rs. 117.85 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 179.00 and Rs. 149.15 respectively. The current market cap of the company is Rs. 3513.71 crore.

The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 9.72% and 31.34% respectively.

Indo Count Industries has successfully completed the acquisition of Home Textile business of GHCL, at Bhilad (Vapi), Gujarat, on a going concern basis by way of a slump sale and acquisition of specified assets of Grace Home Fashions LLC (GHF), US subsidiary of GHCL for an all-cash consideration of Rs 592.8 crore (subject to validation of customary closing date adjustment of working capital in terms of BTA and ATA).

This acquisition will catapult Indo Count to a leadership position in the Global Home Textiles Bedding segment. Indo Count becomes the world's largest Home Textile bedding manufacturer, with an annual capacity of 153 million meters. Potential addition of Rs 1,300-1,500 crore p.a. to the topline of the Company at peak capacity.

Indo Count Industries is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric. Its product range includes Cotton yarn, Knitted fabrics and Dyed yarn and core-spun yarn.

Indo Count Inds Share Price

425.65 32.60 (8.29%)

24-Jun-2026 12:57 View Price Chart

Peers

Company Name	CMP
Welspun Living	169.85
Vardhman Textiles	647.00
Arvind	535.50
K.P.R. Mill	1225.00
Page Industries	40206.35
View more..

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