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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.

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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