Gokuldas Exports finalises acquisition of Coral Investments and subsidiary

Apparel giant Gokaldas Exports has finalised the acquisition of Coral Investments and its subsidiary, Ashton Apparel Manufacturing. This strategic takeover positions Gokaldas to dominate the industry with a broader product range, stronger manufacturing capabilities, and a wider global reach.

Gokaldas acquired 100 per cent shares of Coral Investments through its Dubai subsidiary Nava Apparels, indirectly gaining control of Ashton Apparel. The move expands Gokaldas' market presence, potentially leading to economies of scale and market leadership.

The merged entity will have a wider product portfolio, enhanced manufacturing capabilities, and a larger global footprint. With this acquisition, Gokaldas reaffirms its commitment to quality and positions itself to meet the industry's ever-changing demands. The acquisition propels Gokaldas Exports towards industry dominance and sets the stage for its future growth.