Chemicals maker GHCL Ltd. has divested its home textiles business for Rs 608.30 crore and formally transferred the business to Indo Count Industries Ltd.

Specified assets (inventory and intellectual property) of Grace Home Fashions, LLC were also sold to Indo Count Global Inc (US subsidiary of IndoCount Industries Limited).

Anagram Partners advised GHCL Limited on the deal.

The team included Simone Reis (Partner) and Shwetank Chaubey (Senior Associate).

Khaitan & Co acted for Indo Count Industries.

The core team consisted of Haigreve Khaitan (Senior Partner), Nikhilesh Panchal (Partner), Kevin Shah (Principal Associate), Sweta Rao (Principal Associate), Nitin Jeswani (Associate), Yash Ravindra Bhagwat (Associate) with assistance from the following:

Assisting with the Tax, Employment, competition, energy and environment, intellectual property and real estate aspects of the due diligence and transaction documents.:

Anisha Chand (Partner), Deepak Kumar (Partner), Nirupam Lodha (Partner), Shivanshu Thaplyal (Partner), Dinesh Kumar Agrawal (Executive Director), Vinita Krishnan (Director), Amit Wadhwani (Counsel), Rahul Jain (Principal Associate), Soham Banerjee (Principal Associate), Deeksha Malik (Senior Associate), Kush Saggi (Senior Associate), Shivangi Narang (Senior Associate), Tavishi Srivastava (Senior Associate), Aishwarya Nikhil Wadhavkar (Associate), Anirudh Jakhotia (Associate), Divya Kumar (Associate), Ketan Jikar (Associate), Rishabh Sharma (Associate) and Shifa Ashraf (Associate)

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