Readymade garment manufacturer and exporter Gokaldas Exports Ltd has raised ₹600 crore by issuing equity shares through the Qualified Institutions Placement (QIP).

JSA advised Gokaldas Exports and IIFL Securities Limited on this QIP.

The transaction team consisted of Madhurima Mukherjee Saha (Lead Partner), Sagar Batra (Senior Associate), Shristi Kanchan (Associate), Sanat Goel (Associate) and Bhavya Upadhyay (Associate).

These funds were raised through seven institutional investors, including Fidelity Funds Funds, Amundi and Goldman Sachs, the company said in a stock exchange filing.

The issue was opened on April 18, and concluded on April 23.

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