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Gokak Textile’s arm acquires 26% stake in Suryoday One Energy

08 Sep 2017 Evaluate

Gokak Textiles’ subsidiary company- Gokak Power & Energy has acquired 26% of the paid up equity share capital of Suryoday One Energy from Shapoorji Pallonji Infrastructure Capital Company, i.e 2600 equity share of Rs 10 each at an aggregate cash consideration of Rs 26,000 on September 7, 2017.

Gokak Textiles’ principal activity is to manufacture and distribute textile products. The company's product range includes yarn, blended Yarn, Cotton canvas, fabric, terry towel, knitted garments and other related products.   

Peers
Company Name CMP
Vardhman Textiles 565.65
Welspun Living 222.90
Arvind 566.15
Raymond Lifestyle 688.20
K.P.R. Mill 1114.50
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