Gokaldas to invest Rs 300 Cr in Maharashtra fabric unit ahead of possible buyout

Gokaldas Exports Ltd (GEX), based in Bengaluru, has announced a strategic partnership with BRFL Textiles, a fabric processing company located in Tarapur, Maharashtra. This collaboration involves GEX making an initial investment of Rs 50 crore in BRFL through Optionally Convertible Debentures (OCDs), with a potential total investment of up to Rs 300 crore in phases. The agreement may lead to a merger between the two entities within a year.