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Pearl Global Industries’ arm acquires 52.11% stake in Alpha Clothing

22 Apr 2022 Evaluate

Pearl Global Industries’ wholly owned subsidiary -- Pearl Global (HK), Hong Kong has acquired 9,00,860 equity shares representing 52.11% equity capital of Bangladesh based, Alpha Clothing (Alpha) for a consideration of $1.05 million on April 21, 2022. This acquisition will be funded through internal accruals.

Alpha commenced its operations in the year 2013 with a modest workforce of 150 people and 100 machines. With efficient production processes, it has currently grown to a workforce of 2,100 people, 1,000 sewing machines, and a capacity of 8 million pieces a year. Alpha was a part of the approved facilities for outsourcing.

Pearl Global Industries is an end-to-end clothing vendor and supplier with a presence across the globe.

Pearl Global Inds. Share Price

1642.60 24.30 (1.50%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
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