Indo Count
(Source: Indo Count)
On April 10, 2022, GHCL has completed the divestment of its Home Textile business to Indo Count Industries, a leading manufacturer and exporter for home bedding products, for Rs 576 cr (€ 70 million).
The deal does not include GHCL's spinning unit in Tamil Nadu's Madurai which will be demerged and transferred to GHCL Textiles Ltd., Ahmedabad/India.
Indo Count Industries Ltd., Maharashtra/India, said with the addition of almost 50 % new capacity, the company will become the largest home textile bedding company globally. The new enhanced capacity will fuel growth for Indo Count to efficiently scale and serve a wider spectrum of customers and markets thereby increasing its global market share.
