Khaitan&Co advised Gokaldas Exports on its proposed investment in BRFL Textiles through Optionally Convertible Debentures.
In its first tranche, GEX will subscribe for INR 50 crores, with the remaining OCDs worth up to INR 300 crores to be subscribed subsequently in multiple tranches. A possible merger or acquisition will be explored by 30th June 2025 subject to regulatory approvals.
The deal team included Ashutosh Sharma, Neekesh Shetty, Sushmita Ravi, Anadi Saxena, Madhav Chandan, Atul Mohta and Shilpa Shankar, with assistance from Abhishek Dadoo and Gaurav Malhotra (SEBI), Bhavin Vora (Direct Tax), Anshuman Sakle (Competition Law), Rahul Chakraborti and Rishabh Vora (Banking), Harsh Parikh (Real Estate), Deepak Kumar (Employment Law), Shailendra Bhandare (Intellectual Property).
Gokaldas Exports is the One Stop Shop for the world’s most acclaimed brands. It is the largest manufacturer and exporter of apparels in India with an annual turnover of US$200 Million.
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