HOME TEXTILES

Indo count acquires home textile business of GHCL Limited for Rs. 576 crores

Indo Count Industries Limited, a leading manufacturer and exporter of Home Textiles has today entered into a Business Transfer Agreement (BTA) with GHCL Limited (GHCL) for acquisition of its Home Textile business at Vapi, Gujarat, on a going concern basis by way of a slump sale and Asset Transfer Agreement (ATA) for acquisition of specified assets of the US subsidiary of GHCL.

Mr. Anil Kumar Jain, Executive Chairman

In order to meet the growing demand and capture the business opportunities, the Company’s Board today approved a BTA with GHCL for the aforesaid acquisition which has a fully operational manufacturing facility of 45 million meters annually located at Vapi, Gujarat. The facility also has sufficient land to double the capacity in the future. The cost of acquisition is Rs. 576 crores.

This acquisition will catapult Indo Count to a leadership position in the Global Home Textiles Bedding segment:

  • With addition of almost 50% new capacity, Indo Count becomes the largest Home Textile Bedding company, globally, with annual capacity of approximately 153 million meters
  • Indo Count adds a whole new avenue of customer base which is untapped, thereby leading to gain in global market share
  • Leverage joint capabilities of Design, Innovation and Products to a wider spectrum of customers
  • De-risking manufacturing facilities with twin state geographical diversity
  • Potential addition of ~ Rs.1,300 – 1,500 Crores p.a. to the topline of the Company

Key features of the transaction:

  • The transaction includes acquisition of the Home Textile business of GHCL Limited as a going concern, on a slump sale basis, which includes its manufacturing facility at Vapi, Gujarat along with specified assets (inventory and intellectual property) of Grace Home Fashions LLC, US subsidiary of GHCL.
  • Overall purchase Consideration for the said transaction is Rs. 576 crores on debt and cash free basis subject to closing adjustments as agreed in the BTA and ATA
  • Acquisition will be funded through mix of internal accruals and debt
  • The transaction is expected to be consummated by March 2022 subject to necessary approvals and completion of Condition Precedents (CP) in the BTA

Edelweiss Finance & Investments Limited acted as transaction advisor and Khaitan & Co. acted as legal advisor to the transaction

Commenting on this acquisition, Mr. Anil Kumar Jain, Executive Chairman, said: “Today marks a landmark occasion for Indo Count with our Board approving the acquisition of the Home Textile business of GHCL. This is a significant step towards achieving a formidable leadership position in the Home Textile Bedding business ‘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.

This strategy enhances our customer centric approach leading to increased flexibility and better service levels. Further, we will leverage the joint capabilities of design and innovation to offer complete sleep experience.

We welcome the new team to Indo Count’s family and look forward to utilize their skills and experience to achieve the Company’s long-term vision.”

139 Replies to “Indo count acquires home textile business of GHCL Limited for Rs. 576 crores

  1. To the contrary, a multicentered, randomized, double-blind, placebo controlled trial evaluated how tadalafil 20 mg improved ED in men presenting to tertiary care centers with more severe, organic ED and with more comorbid medical conditions than previous studies Carson et al 2005a generic cialis 5mg

  2. Aim for 2 4Tbs freshly ground daily lasix generic name Did anyone have extreme fatigue some breast soreness forgetfulness often in early stage grade 2 before any type of treatment also get random headaches all the time I m still learning so much each day since I am newly diagnosed, so please bare with me and any and all feedback is appreciated

  3. com 20 E2 AD 90 20Los 20Viagras 20Vs 20El 20Migueladas 20Del 20Cjng 20 20Viagra 20Pil 20Proberen viagra pil proberen It accused SAC of systematic insider trading in a schemethat ran roughly from 1999 to 2010, was designed to boostreturns and fees, and enabled SAC to generate hundreds ofmillions of dollars of illegal profits and losses avoided fromtimely trades what happens when you stop taking lasix

  4. com 20 E2 AD 90 20Cheap 20Viagra 20Etc 20 20Naisten 20Viagra 20Apteekki naisten viagra apteekki I logged on to HealthCare ivermectin for dogs That s what helps each day pass Lesa Woodbury Dx 7 12 2007, IDC, Left, 3cm, Stage IIB, Grade 3, 3 14 nodes, ER PR-

  5. (1). INFORMASI DEPOSIT VIA PULSA – Pulsa Telkomsel & XL(Deposit dibawah Rp50.000 potongan 15%)* Contoh: Deposit Rp.10.000 – 15% = Rp.8.500 Setiap hari permainan slot online gacor selalu berubah, oleh karena itu anda harus up to date untuk mendapatkan informasi terbaru terkait mesin slot gacor hari ini. Anda dapat melihat slot online gacor melalui social media seperti facebook dan youtube. Jika sudah mendapatkan 1 atau 2 permainan judi slot online dapat langsung di praktekan dalam kegiatan perjudian anda di NAGA138. Win rate atau peluang menang yang ditawarkan situs judi slot online pastinya menjadi hal yang perlu pemain ketahui sebelumnya. Karena, setiap situs judi slot online menawarkan permainan-permainan slot online dengan persentase win rate yang berbeda. Tetapi, jika anda main di situs agen judi slot online terpercaya sudah pasti anda dijamin akan mudah menang dengan persentase win rate di kisaran 97%. https://www.instapaper.com/p/11238629 Edit: Best thing would be if the game is free 🙂 Poker is an interesting game to play, and the online version of the game comes with several advantages, such as offering players convenience and flexibility. With online poker, you can play against people from any part of the world without leaving the comfort of your home. The best mobile poker app for real money in Canada is 888 poker with its easy to use Android and iPhone apps. It is the best Texas Holdem app because of great poker games with weak players (#1 for profits), super easy to make deposits & withdrawals and a great mobile client that makes mobile poker games a blast. Race Poker (fastest game) Poker Income Tracker lets you track your stakes, locations, time played, and results for live games and tournaments. With this handy app, accurately recorded and tracked data lets you analyze such aspects of your game as which locations are the most profitable, what time of day do you play the best, and which days of the week might you not do so well. This app is also quite useful in letting you see your long-term results over time which can be particularly helpful during a slump to remind you that this is a temporary occurrence. This poker tracking app has versions for both iOS and Android.

  6. Nasza strona jest prawdziwym partnerem kasyna Vulkan Vegas. Za porozumieniem z kasynem dajemy możliwość nowym graczom na zdobycie jednej z najlepszych ofert na rynku. Kasyno darmowe spiny bez depozytu zostaną przyznane każdemu graczowi, który zarejestruje się na stronie. Nie trzeba robić nic więcej, wystarczy rejestracja i odebranie darmowych spinów. Legalne polskie kasyno online to na gruncie polskiego prawa tylko kasyno, które uzyskało koncesję ministerstwa, jednakże to zbyt daleko idące uproszczenie, które nie uwzględnia faktu przynależności Polski do Unii Europejskiej. Zatem choć formalnie kasyna online zarządzane przez firmy nieposiadające monopolu w tym zakresie, są niedopuszczalne na gruncie polskiego prawa, to jednak zgodnie z prawem Unii Europejskiej, które co do zasady stoi ponad polskim prawem, każdy obywatel UE może swobodnie korzystać z usług każdej firmy, która legalnie zarejestrowała się i działa na terenie Unii Europejskiej. https://lukastmbp642087.blogdeazar.com/14113322/kasyno-wroclaw-kielbasnicza Gry logiczne. Gatunek gier, w których nadrzędnym celem jest rozwiązywanie zagadek logicznych. Zazwyczaj pozbawione są fabuły lub występuje ona w szczątkowej formie. Rozwiązanie zagadek wymaga logicznego myślenia, strategii, umiejętności rozpoznawania schematów i spostrzegawczości. Dlaczego chcesz zgłosić nadużycie w tej recenzji? Data Dodania: 2020-11-09 Zasadnicza różnica pomiędzy tymi dwoma rodzajami pokera jest taka, że w przypadku pokera wirtualnego grasz przeciwko komputerowi, natomiast w przypadku pokera na żywo, Twoim przeciwnikiem jest krupier w czasie rzeczywistym. partnerzy logistyczni: Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone * Jeżeli masz ochotę zobaczyć więcej filmów, wpisów i artykułów w coraz lepszej jakości, to możesz wesprzeć kanał i witryny drobną kwotą. To dzięki Wam niemałe wydatki podatkowe, sprzętowe, hostingowe oraz czasowe mogą zostać choć częściowo pokryte. Dzięki za wszelką pomoc!

  7. 亨德尔《皇家焰火音乐》 第一乐章 序曲 娱翅星闻官 2022-09-19 12:11:56 《地下城与王国》融合自走棋竞技与RPG副本,玩家可以自由的选择职业与天赋,雇佣强力棋子,组建自己的勇者队伍。完成谜题与目标,收集资源,挑战强大BOSS拾取史诗装备,随时随地体验精彩绝伦的开荒冒险之旅。 庄家百家乐的优势大概是+0.25。但他们要付出赌资出入转账费用,红利,投放费,员工工资,场地等,按理说,庄家的优势不至于把赌客轻轻松松斩于马下!但现实是,赌民屡战屡败。原因,恐怕要在赌客身上找! 8月13日,美国商务部(工业和安全局)正式宣布最终规定,对设计GAAFET(全栅场效应晶体管)结构集成电路所必须的EDA软件;金刚石和氧化镓为代表的超宽带半导体材料;燃气涡轮发动机使用的压力增益燃烧(PGC)等四项技术实施新的出口管制。 https://simontlbq653108.ttblogs.com/17744382/免費-麻將-app 正宗温州麻将 ©YMGal. All Rights Reserved! · version: v3.36.34 太平洋手游网 ÀŮ©ȸ¾〖²¿ – Ojanko ClubºúņņЍǀºú£ºûӐņЍµĺúņ¡£1·­͆µ¹ºú£ºûӐņЍµĺúņ¡£1·­Á¢ֱ£ºԚÅǥǩ¿öς±¨̽£¬´˺ʐ²¢Ӊϵͳה¶¯°¼҃þņ´¬ֱµ½ºúņ»˷Ņڊ±ѯΊͦ¼ҊǷƣ¬ȴ 日本麻雀女朗10連發全淫穢場景 Japanese Mahjong Gal 10 Renpatsu erotic scenes 17 min This item is not yet available ©ȸ¿«½ֻúӎϷ֐΄û³ƺ©ȸ¿«½ֻúӎϷӢ΄û³ƺMahjong Kyoretsuden½ֻúӎϷROM û³ƺ mj4simai zip½ֻúӎϷROM´ 1431 k°´¼ü˵÷ͦ¼ұ£º¿ªʼ¼ü£ºF1Ͷ±Ҽü£ºF2֘փ¼ü£ºF10ɏ£ºWς£ºS׳£ºAӒ£º 钢铁小麻雀-《心灵奇旅》角色前期设计稿 i.Game 13 Mahjong 香港麻雀Lite 在iTunes上“ i.Game 超强游戏人工智慧,可随着玩家程度自动调整,让喜欢麻将的你可以随时随地磨练牌技。专为 iPhone 设计的操作介面, 可动态放大点选的牌,方便打牌,亦可滑牌打出,更可局部放大画面任何位置。可随时继续未完成的牌局。另有详细番型图文说明,还有许多好玩的小创意,让您爱不释手,是拥有 iPhone 的你必备的游戏。

  8. We use cookies to make your user experience better. By staying on our website, you fully accept it. Learn more. Looking for a website that writes essays for you right away? There are many reasons why high school students or college graduates might seek to write my research paper for me services. Maybe they don’t have the time to write themselves, or maybe they’re not confident in their essay writing abilities. Whatever the reason, there are plenty of websites out there that will do the work for you. Let’s discuss what to look for in a reputable website that can write an essay, and how to make sure you get the perfect paper! If you are like most students, there are times when the burden of writing essays becomes too much. “I need someone to write my essay for me professionally!” students like you say every day. When you need help to write an essay for you, there is only one place to turn: WriteMyPaperHub.com. Our site delivers the type of quality essay writing that students like you need at a price you can afford. If you are one of millions of students who tell friends and classmates, “I wish someone would write my paper for me,” you can rest assured that we have the resources to deliver when you need it most. http://aat.or.tz/en/index.php/community/profile/wkdelana1654768/|4 If you are worried about help my assignment, you can forget all your worries after placing an order for your assignment on our website. Once you have paid the charges quoted by us up front, work on your assignment is started on a priority basis by our writers. You can stay in touch with the writer through us and give your inputs to get exactly what you need. Once the assignment is completed, it is sent to your email in box to allow you to submit it to your teacher before the specified deadline. The price calculated for an assignment will not change if you do not add any instructions during the writing process. And if you are not satisfied with how much you pay to write my assignment or with the work we write for you, you can get a refund within 30 days. If you are a regular student who needs to work full time to earn tuition fees or some professional who wants to earn some certification besides doing your job, Scholarly Help is glad to reduce the strain you have been under. If you ever think that “I need someone to do my assignment for me,” then this is the place to come and ask for help.

  9. It’s really great. Thank you for providing a quality article. There is something you might be interested in. Do you know casinosite ? If you have more questions, please come to my site and check it out!

Leave a Reply

Your email address will not be published.