MoneyWorks4Me

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.

Peers
Company Name CMP
LMW 16295.40
Lohia Corp 633.30
Stovec Industries 1500.00
Veejay Lakshmi Engg 38.01
Indian Card Clothing 187.65
View more..