Gul Ahmed to spin out its retail business ‘Ideas’ through an IPO
KARACHI: Gul Ahmed Textile Mills Limited is spinning out its retail segment, Ideas, to enable it to be a 100% owned subsidiary. “Gul Ahmed is aiming for its Initial Public Offering (IPO) between November 2021 and March 2022 depending on the market conditions,” company management said. Gul Ahmed Textile Mills held its analyst briefing to…