Gokaldas Exports Limited has signed a Share Swap Agreement with Matrix Clothing Private Limited to acquire 100% of the equity share capital of Matrix Design & Industries Private Limited.

The consideration will be discharged by way of a combination of cash and issuance of equity shares on a preferential allotment basis, subject to the receipt of necessary approvals. The acquisition is proposed at an enterprise value of ~₹489 crores.

Anagram Partners acted as the legal advisors to Gokaldas Exports.

The transaction team consisted of Aditi Tralshawala (Principal Associate), Anoushka Shetty (Associate) and Rajni Tolani (Associate).

JM Financial acted as the transaction advisors to Gokaldas Exports Limited and BDO India conducted Due Dilligence.

Established in 1979, Gokaldas Exports is one of India’s largest apparel exporters with a turnover of $200 million.

Matrix Clothing group is a manufacturer of high-quality men's, ladies', and children's knitwear apparel for renowned brands with major geographical exposure to Europe, the UK, and North America.

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