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Indian Card Clothing Company informs about board meeting

28 Jun 2022 Evaluate
Indian Card Clothing Company has informed that the Board of Directors of the Company in its meeting held on June 27, 2022, has considered and approved the proposal of acquiring balance 40% equity stake in Garnett Wire, UK - foreign subsidiary of the Company, from its Joint Venture Partner - Joseph Sellers & Son. Disclosure regarding this acquisition as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is given in Annexure A.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
LMW 16701.00
Lohia Corp 520.25
Stovec Industries 1321.00
Veejay Lakshmi Engg 37.39
Indian Card Clothing 190.35
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