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Garnet International informs about cessation of material subsidiary company

27 Feb 2024 Evaluate

Garnet International has informed that pursuant to the allotment of equity shares under Preferential issue by the Sukartik Clothing (SCPL) - a subsidiary company of Garnet International (GIL), the stake of GIL in SCPL stands reduced to 47.31% and accordingly. SCPL is ceased to be a subsidiary and becomes an associate company of GIL.

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

Peers
Company Name CMP
Bajaj Finserv 1862.40
TVS Holdings 12902.10
Cholamandalam Fin. 1484.15
Altius Telecom Infra 175.50
Kama Holdings 2288.40
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