Gokaldas hits record high on deal giving it cheaper US market access
Gokaldas hits record high on deal giving it cheaper US market access
Shares of Gokaldas Exports, an Indian apparel manufacturer, surged 20% to a record high after announcing a deal that would allow it to ship clothing duty-free to the United States. The company will acquire Dubai-based Atraco Group for $55 million, granting it access to other export markets and increasing production.
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