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Indian Card Clothing Company gets nod to acquire 40% stake in Garnett Wire, UK

27 Jun 2022 Evaluate

Indian Card Clothing Company has received an approval for the proposal of acquiring balance 40% equity stake in Garnett Wire, UK - foreign subsidiary of the Company, from the Joint Venture Partner - Joseph Sellers & Son. The Board of Directors of the Company in its meeting held on June 27, 2022 has considered and approved the same.

The Indian Card Clothing Company is a precision engineering company that manufactures and supplies card clothing products and carding solutions for the textile industry.

Indian Card Clothing Share Price

216.00 1.55 (0.72%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
LMW 14357.85
Stovec Inds 2005.30
Harish Textile Engin 69.90
Veejay Lakshmi Engg 37.83
Meera Industries 59.68
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