The Indian Card Clothing Company Limited (NSEI:INDIANCARD) made a proposal to acquire remaining 40% stake in Garnett Wire Ltd. from Joseph Sellers & Son Limited on June 27, 2022. Board of directors of The Indian Card Clothing Company Limited (NSEI:INDIANCARD)approved the proposal on June 27, 2022. Subsequently, The Indian Card Clothing Company Limited (NSEI:INDIANCARD) signed a share purchase agreement to acquire remaining 40% stake in Garnett Wire Ltd. from Joseph Sellers & Son Limited on August 19, 2022.

The Indian Card Clothing Company Limited (NSEI:INDIANCARD) completed the acquisition of remaining 40% stake in Garnett Wire Ltd. from Joseph Sellers & Son Limited for £0.23 million on September 30, 2022