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Gokaldas Exports to merge BRFL Textiles with itself in Rs.552-Cr deal
Source Business Line (opens in a new tab)Press Release (opens in a new tab)
Publicly listed, Bengaluru-based apparel manufacturer Gokaldas Exports (GEX) is to amalgamate Mumbai-headquartered BRFL Textiles Pvt Ltd (BTPL) with itself.Gokaldas Exports had made strategic investments in BTPL in June 2024 through optionally convertible debentures. Including the 19% equity already acquired by GEX, the total acquisition cost of shares of BTPL will be INR 552 crore.