Business & Policy

Gokuldas Exports Promoter Sells All Shares Worth Rs.235 Cr

Published: March 10, 2023

According to the research, we should maintain our target price at $1,950 based on an 8x FY25E EV/Ebitda on a standalone business (ex-paints/B2B platform) and a 40% Holdco discount on various assets that hasn’t changed. At the end of December, Clear Wealth owned more than 20% of Gokaldas Exports. The promoter entity sold a 2.5% share on the open market in September 2022.

Aditya Birla Sun Life and Goldman Sachs each purchased shares in the business in separate transactions. Through two of its funds, Aditya Birla purchased 7,69,230 shares for around Rs 30 crore. Before, the fund had no ownership in the business.

Related Posts