GHCL Ltd, formerly known as Gujarat Heavy Chemicals Limited, is likely to see a demerger soon. The INR 32 billion company, which is involved in soda ash production, home textiles and retail, could soo…
GHCL Ltd, formerly known as Gujarat Heavy Chemicals Limited, is likely to see a demerger soon. The INR 32 billion company, which is involved in soda ash production, home textiles and retail, could soon be split into three distinct entities. At the company“s 25th AGM, GHCL chairman Sanjay Dalmia said the company is in the middle of restructuring initiatives, which would lead to the demerger. “GHCL would house the business of soda ash, the home textile entity would continue sourcing and manufacturing under the name of Fabient, and the retail entity would be involved in retail ventures called Rosebys Interiors India Ltd (RIIL) in India and the UK”, he said. The agenda of the next board meeting would be occupied by the restructuring of the firm“s businesses. “The process is expected to be completed within the next 18 months”, he said.