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MoneyWorks4Me

Pearl Global Industries acquires 24.43% stake in Alpha Clothing

10 May 2023 Evaluate

Pearl Global Industries through its wholly owned subsidiary Pearl Global (HK), Hong Kong has acquired 24.43% stake in overseas step-down subsidiary i.e. Alpha Clothing, Bangladesh. With this acquisition, the stake of the Company in Alpha Clothing, Bangladesh will increase from 52.11% to 76.54%. The cost of acquisition is $444,468.42. 

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


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Company Name CMP
Vardhman Textiles 510.35
Welspun Living 253.30
Arvind 501.50
Raymond Lifestyle 505.00
K.P.R. Mill 1158.90
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