Apparel exporter Gokaldas Exports Limited (GEL) has signed an agreement to acquire Matrix Design & Industries Pvt. Ltd. for ₹489 crore, with ₹247.5 crore via share swap.
This expands GEL’s knitwear segment and market reach in Europe, the UK, and North America.
GEL’s Q3 revenue stood at ₹559.8 crore, with a consolidated profit before tax of ₹43.5 crore.Apparel exporter Gokaldas Exports Limited (GEL) has signed an agreement to acquire Matrix Design & Industries Pvt. Ltd. for ₹489 crore, with ₹247.5 crore via share swap.
This expands GEL’s knitwear segment and market reach in Europe, the UK, and North America.
GEL’s Q3 revenue stood at ₹559.8 crore, with a consolidated profit before tax of ₹43.5 crore.
