CCI approves demerger of textiles business of GHCL into wholly-owned subsidiary
30th Sep 2020

The Competition Commission of India (CCI) has approved the demerger of the Textiles Business of GHCL into its wholly-owned subsidiary GHCL Textiles under Section 31(1) of the Competition Act, 2002.

Pursuant to the proposed demerger, GHCL will retain its chemicals and consumer products business and GHCL Textiles will have the demerged Textiles business.

GHCL is a leading producer of synthetic soda ash in India. Over the years, it has diversified into yarn and home textile products.