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Indian Card Clothing Company acquires balance 40% stake in Garnett Wire

22 Aug 2022 Evaluate

The Indian Card Clothing Company has acquired balance 40% equity stake in Garnett Wire, UK -- foreign subsidiary of the Company, from its Joint Venture Partner -- Joseph Sellers & Son on August 19, 2022. Therefore, Garnett Wire, UK has become wholly owned subsidiary of the company.

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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