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GHCL receives CCI approval for scheme of arrangement

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GHCL announced that Competition Commission of India has on 04 November 2020 approved the proposed Scheme of Arrangement between GHCL (demerged company) and GHCL Textiles (resulting company) and their respective shareholders and creditors.

The scheme remains subject to receipt of other statutory and regulatory approvals, including the approvals from Stock Exchanges, SEBI, National Company Law Tribunal, and respective shareholders and creditors of GHCL and GHCL Textiles.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, November 05 2020. 16:05 IST