Published On:June 21 2024
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Gokaldas to Invest Rs 300 Cr in Maharashtra Fabric Unit Ahead of Potential Buyout

Gokaldas to Invest Rs 300 Cr in Maharashtra Fabric Unit Ahead of Potential Buyout

Bengaluru-headquartered apparel exporter Gokaldas Exports Ltd (GEX) announced on Thursday a strategic partnership with BRFL Textiles, a fabric processing company that operates a large single-location plant in Tarapur, Maharashtra. As part of this tie-up, GEX will invest up to Rs 300 crore in BRFL in phases, beginning with an initial Rs 50 crore. Additionally, the companies will consider a potential merger one year from now.

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