Brief: Indo Count Industries Approves Acquisition Of Home Textile Business Of GHCL Limited

GHCL

06/12/2021 11:46

Dec 6 (Reuters) - Indo Count Industries Ltd  ICNT.NS :
    * APPROVED ACQUISITION OF HOME TEXTILE BUSINESS OF GHCL
LIMITED
    * APPROVED ACQUISITION OF SPECIFIED ASSETS (INVENTORY &
INTELLECTUAL PROPERTY) OF U.S. UNIT OF GHCL 
    * OVERALL CONSIDERATION FOR ACQUISITION OF HOME TEXTILES
BUSINESS
IS 5.39 BLN RUPEES
    * INDO COUNT GLOBAL INC USA WOULD BE PAYING 370 MLN RUPEES
TO
GRACE HOME FASHIONS 

Source text for Eikon:  ID:nBSE438c5l 
Further company coverage:  ICNT.NS  GHCH.NS 

 ((Reuters.Briefs@thomsonreuters.com;))