Gokaldas Exports Limited completed the acquisition of Matrix Design & Industries Private Limited from Matrix Clothing Pvt. Ltd. for INR 3.1 billion.
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.