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Gokaldas Exports board nods for incorporation of wholly-owned subsidiary in Dubai; Stock climbs 1.5%

The new entity will be a wholly owned subsidiary of Gokaldas Exports.

December 08, 2021 1:36 IST | India Infoline News Service
Gokaldas Exports Ltd has informed that the Board of directors of the Company have approved incorporation of a wholly owned subsidiary of the Company in Dubai, UAE.

The new entity will be a wholly owned subsidiary of Gokaldas Exports. Hence, it will be related party of the Company, upon incorporation.

The new subsidiary will be related to Business of Textile and Apparel products, said company in a regulatory filing.

At around 1:38 PM, Gokaldas Exports was trading at Rs273.50 apiece up by Rs4.35 or 1.62% from its previous closing of Rs269.15 apiece on the BSE.

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Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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