Gokaldas Exports has received an approval for the issue and allotment of 77,08,000 Equity Shares of face value Rs 5 each to eligible qualified institutional buyers at the issue price of Rs 90 per Equity Share, aggregating to Rs 69,37,20,000. The Fund Raising Committee of the Board of Directors of the company at its meeting held May 3, 2018, approved the same.
Gokaldas Exports is the largest exporter of garments in India. The company manufactures blazers and pants (formal and casuals), shorts, shirts, blouses, denim wear, swim wear, active and sportswear.
