Gokaldas takes Africa route to sidestep US duties
Atraco’s manufacturing units has duty free access to US, Europe and enjoy low labour costs
Source: moneycontrol.com
📰 Straco Group News
Straco Group News Today
Fast, Ad-Free News Updates
Stay updated with breaking news from Straco Group. Real-time updates on events, politics, business and more.
Gokaldas shares pop 10% on Atraco acquisition deal
The equity value of the deal being done through Gokaldas subsidiaries. It is worth $55 million and will be funded by a mix of debt and internal accruals.
Sivaramakrishnan Ganapathi Atraco Group Dubai Based Atraco Gokaldas Export Vice Chairman Managing Director
Source: moneycontrol.com
Gokaldas Exports inks deal to buy out Dubai-based garment firm Atraco, ET Retail
Atraco: The equity value of the transaction is $55 million and the same will be funded by a mix of debt and internal accruals. The transaction will comprise acquisition of shares and assets and will be subject to customary regulatory approvals. The transaction is expected to be closed by the October-December quarter of this fiscal year.
Source: indiatimes.com