GHCL has completed the demerger of its spinning business into GHCL Textiles. The demerger became effective from April 1 and the new entity GHCL Textiles will be listed on NSE and BSE after receiving regulatory approvals.
The demerger aims to unlock and maximise value for all stakeholders and focus on operations and customers. It brings forth focused leadership and addresses independent opportunities with prudent capital allocation.
GHCL is a leading producer of synthetic soda ash in India. Over the years, it has diversified into yarn and home textile products.
