The Bengaluru-headquartered Gokaldas Exports on Monday announced that it has, through its wholly owned subsidiaries, entered into an agreement to acquire Atraco Group (Atraco), a Dubai-based manufacturer of apparel with a strong market position and customer relationships across the US and Europe.

The equity value of the transaction is $55 million and the same will be funded by a mix of debt and internal accruals. The transaction will comprise

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