Gokaldas Exports Limited (NSEI:GOKEX) signed an agreement to acquire Matrix Design & Industries Private Limited from Matrix Clothing Pvt. Ltd. for INR 3.3 billion on February 1, 2024. Gokaldas Exports will pay INR 2.475 billion is being paid by way of preferential allotment of shares of Gokaldas Exports through share swap and cash consideration of INR 864.8 million. JM Financial Limited (BSE:523405) acted as financial advisor, Anagram Partners acted as legal advisor and BDO India LLP acted as due diligence provider to Gokaldas Exports Limited.

Gokaldas Exports Limited (NSEI:GOKEX) completed the acquisition of Matrix Design & Industries Private Limited from Matrix Clothing Pvt. Ltd. for INR 3.1 billion on March 13, 2024. The consideration of INR 3.2306 billion settled through a combination of cash consideration of INR 755.7million and preferential allotment of 27,3 1,266 equity shares of Gokaldas Exports Limited at a price of 906. 14 per share to the sellers. The acquisition resulted in transfer of control w.e.f. March 13, 2024.