Shares of Gokaldas Exports surged nearly 10% to Rs 73 on the Bombay Stock Exchange after the board at its meeting on Tuesday decided to transfer/sale of land, building and related assets pertaining to some of its properties.
The properties include Global Garments Unit-III at Mahalakshmipura, Yeshwanthpur, . No. A-7/1, I.D.A, Nacharam Industrial Area, Hyderabad, Plot No. 28D & 28E in Sy No. 318 & 51 in Belavadi Industrial Area, Mysore District and Balaji Fashion House, Bangalore, the company said in a release.
Further, the Board has decided to seek the consent of shareholders by way of Postal Ballot to this effect, the release added.
The stock opened at Rs 71 and touched a high of Rs 75. At 9:55am, over 1 million shares were traded on both the stock exchanges.
