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

Indian Card Clothing Company Ltd. | Textile - Machinery | Textiles & Apparels | BSE: 509692 | NSE: INDIANCARD

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.

Peers

Company Name	CMP
LMW	17093.75
Lohia Corp	577.20
Stovec Industries	1625.00
Veejay Lakshmi Engg	39.01
Indian Card Clothing	213.55
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.