Thursday 16 January 2014

GHCL’s Trust sells 17,735 shares of the company

GHCL’s - GHCL Employees Stock Option Trust has sold 17,735 equity shares of the company in the open market in trenches between January 06, 2014 to January 13, 2014. Further, the Trust has sold its entire holding except the shares, which are part of litigation and the same may be sold by Trust depending upon the outcome of the litigation. Hence, the Trust will continue for the limited purpose of litigation.

GHCL is a leading producer of synthetic soda ash in India with an installed capacity of 8.5 lakh tonnes Per Annum (TPA) located in Gujarat. Over the years, it has diversified into yarn and home textile products. While its yarn division, with an installed capacity of 1,48,280 spindles, is located in Tamil Nadu, the home textile plant with a weaving capacity of 25,000 meter per day and processing capacity of 1 lakh meter per day for home-textiles (bed sheets and curtain panels) is located at Vapi (Gujarat).

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