Gokaldas Exports Limited (NSEI:GOKEX) will look for acquisitions. Gokaldas Exports plans to INR 6,000 million through a qualified institutional placement (QIP) of up to 7,741,935 equity shares, with an indicative issue price of INR 775 apiece, as per a term sheet seen by Mint. A part of the funds will also go towards financing the acquisition of Matrix Clothing and Matrix Design and Industries by repaying a portion of the debts owed to these entities.

Moreover, the proceeds will bolster long-term cash reserves to support strategic investments, acquisitions, and other growth opportunities. Some of the funds will also be allocated for general corporate purposes.