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Gokaldas Exports Ltd News

Gokaldas Exports surges 5% on strategic tie-up with BRFL Textiles

With the strategic investment in BTPL, Gokaldas Exports intends to stand largely self-reliant in fulfilling its raw material requirements for manufacturing

Gokaldas Exports surges 5% on strategic tie-up with BRFL Textiles
Updated On : 20 Jun 2024 | 10:37 AM IST

Gokaldas Exports to acquire Matrix Clothing's apparel biz for Rs 489 cr

Readymade garment manufacturer and exporter Gokaldas Exports (GEL) on Friday said it has signed a definitive agreement to acquire the apparel business of Matrix Clothing for an enterprise value of Rs 489 crore. Through this deal, GEL will get access to the knit apparel business segments, a mutually exclusive global customer base, greater access to European and the UK markets, geographical diversification and low-cost capacity expansion potential in the future, according to a statement. GEL inked a pact with Matrix Clothing Pvt Ltd (MCPL) to acquire 100 per cent of the equity share capital of Matrix Design & Industries for an enterprise value of Rs 489 crore, out of which Rs 247.5 crore is being paid by way of preferential allotment of shares of Gokaldas Exports through a share swap, the company said in the statement. Matrix Clothing Group is a manufacturer of high-quality knitwear apparel for renowned brands with major geographical exposure to Europe, the UK, and North ...

Gokaldas Exports to acquire Matrix Clothing's apparel biz for Rs 489 cr
Updated On : 02 Feb 2024 | 6:50 PM IST

Gokaldas Exports to acquire Matrix Clothing's apparel biz; stock zooms 9%

The management is expecting a positive momentum for in the calendar year 2024 and expects sequential growth to pick up over the next quarters

Gokaldas Exports to acquire Matrix Clothing's apparel biz; stock zooms 9%
Updated On : 02 Feb 2024 | 11:49 AM IST