Gokaldas Exports shares surged 10 percent in the morning trade on August 30 after the company announced the acquisition of Dubai-headquartered Atraco Group. As of 9:56am, the stock was trading at Rs 794.85 on the National Stock Exchange, up 8.09 percent. In 2023, the shares outperformed the headline index with a gain of over 112.73 […]
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Gokaldas Exports share price jumps 20% to hit 52-week high on Atraco acquisition
Gokaldas Exports share price were locked at 20% upper circuit at a 52-week high on Tuesday after the company announced the acquisition of Dubai-headquartered Atraco Group (Atraco). Gokaldas Exports shares jumped as much as 20.00% to a 52-week high of ₹736.30 per share on the BSE.
‘Acquisition undertaken to…’ – What Gokaldas Exports MD Sivaramakrishnan Ganapathi said amid as stock SURGES 20% on $55mn buyout
Gokaldas Exports’ share price surged 20 per cent, and the stock was locked in upper circuit after the company announced the acquisition of Dubai-headquartered Atraco Group, which has is present in Africa as well as the other regions of the world. Sivaramakrishnan Ganpathi, the Vice Chairman and Managing Director of Gokaldas Exports spoke to ET […]
Gokaldas Exports to buy UAE-based apparel maker Atraco for $55 mn
Gokaldas Exports Ltd (GEL), through its wholly owned subsidiaries, has entered into an agreement to acquire Atraco Group (Atraco), an apparel manufacturer with market presence and customer relationships across the US and Europe, for $55 million. The equity value of the transaction will be funded through a mix of debt and internal accruals, according to […]
Gokaldas Exports hits 20% upper circuit on Atraco acquisition
Gokaldas Exports inks deal to buy out Dubai-based garment firm Atraco
The Bengaluru-headquartered Gokaldas Exports on Monday announced that it has, through its wholly owned subsidiaries, entered into an agreement to acquire Atraco Group (Atraco), a Dubai-based manufacturer of apparel with a strong market position and customer relationships across the US and Europe. The equity value of the transaction is $55 million and the same will […]
Once shabby, Gokaldas Exports now wears a savvier, more moneyed look
In early 2017, Mathew Cyriac was in New York to say goodbye to his colleagues at Blackstone. He had spent eleven years at the Mumbai office and it was time to do something on his own. As he reached the private equity giant’s headquarters in Manhattan’s Park Avenue, he was not quite prepared for what […]
This textile stock hits record high after 15 years on strong Q3 results
Gokaldas Exports hit record high of Rs 410.65, up 10% and surpassed its previous high of Rs 405 hit on March 16, 2006. Shares of Gokdaldas Exports moved higher by 10 per cent to Rs 410.65 on the BSE, hitting a record high after a gap of over 15 years as the company reported nearly […]
Gokaldas Exports reports five-fold jump in profits
Bengaluru-based garment exporter Gokaldas Exports on Friday reported a big increase in its consolidated profit after tax (PAT) at Rs 30 crore for the December quarter over Rs 6 crore it recorded during the same period of last financial year. The company also recorded a revenue growth of 95% during the quarter at Rs. 524 […]
Gokaldas Exports reports 152% jump in revenues
based garments exporter Gokaldas Exports on Friday reported a revenue of Rs 612.7 crore on a consolidated basis for the quarter ended June 2022, up by 152% compared to a Covid-impacted revenue of Rs 243 crore in the corresponding quarter of last year. The company reported a profit before tax (PBT) of Rs 50.8 crore […]
