Is India about to be sold off?
Many observers saw Blackstone’s recent $165m offer for a majority stake in India's largest garment exporter, Gokaldas Exports, as a coming of age for the country’s apparel sector. But Mike Flanagan believes instead that it exposes many doubts about the underlying health of the Indian industry.
ANALYSIS: India's investors lose sight of apparel industry appeal
18 October 2007
Many observers saw Blackstone’s recent $165m offer for a majority stake in India's largest garment exporter, Gokaldas Exports, as a coming of age for the country’s apparel sector. But Mike Flanagan believes instead that it exposes many doubts about the underlying health of the Indian industry.
INDIA: Bombay Dyeing denies private equity rumours
14 September 2007
Textile firm Bombay Dyeing & Manufacturing Co Ltd has denied media reports that private equity firms including Blackstone are vying for a 15% stake in the company.
Will foreign investment refashion India’s apparel industry?
4 September 2007
The recent takeover of India's largest textile company Gokaldas Exports by a US private equity firm suggests foreign investors are waking up to the potential of the country’s apparel sector. But as buyouts start to gather momentum, is a wave of consolidation likely to follow as the smaller players sell out? Raghavendra Verma reports from New Dehli.
INDIA: US private equity firm buys majority stake in Gokaldas Exports
21 August 2007
US private equity firm Blackstone Group has bought a majority stake in India’s largest garment manufacturer and exporter, Gokaldas Exports, and has launched an offer for an additional 20% of the company’s shares.
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