On Tuesday, 2071 stocks advanced, 1521 declined and 156 remained unchanged, with an advance decline ratio of 1.36, indicating a positive closing of stocks in broader markets. For the second day, the markets were range-bound and ended nearly higher. Investors are careful bets because there aren t any new positive triggers that will rev up the markets at the moment. In expectation of more positive economic developments from the Chinese government and central banks, the metals sector surged.
Headquartered in Dubai, apparel manufacturer Atraco operates with a network of four manufacturing units in Kenya and one in Ethiopia, GEL said in a statement.
The equity value of the transaction is $55 million and the same will be funded by a mix of debt and internal accruals. The transaction will comprise acquisition of shares and assets and will be subject to customary regulatory approvals. The transaction is expected to be closed by the October-December quarter of this fiscal year.
Gokaldas Exports expands its global presence through a US$ 55 million acquisition equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.