This is in continuation to our earlier intimation dated December 6 2021 wherein it was informed that the Board of Directors of GHCL Limited had approved the Scheme of Arrangement involving demerger of Spinning Business Division of GHCL Limited to GHCL Textiles Limited subject to receipt of applicable regulatory approvals. In this regard we would like to inform you that on March 24 2022 we received CCI order dated March 15 2022 in which CCI accorded its approval for the proposed Scheme of Arrangement involving demerger of Spinning Business Division of GHCL Limited to GHCL Textiles Limited.
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