Indian Stock Market

Are we overlooking some big news?
Date : 20 August 2007 The Blackstone Group, Private Equity Group entered into an agreement to acquire a 50.10% stake in Gokaldas Exports Ltd. (BSE: 532630) from Madanlal Hinduja, Rajendra Hinduja and Dinesh Hinduja for INR 4.74 billion in cash on August 20, 2007. The Blackstone Group, Private Equity Group will acquire the shares at INR 275 each
Date : 21 August 2007
The Blackstone Group, Private Equity Group made an offer to acquire an additional 20% stake in Gokaldas Exports Ltd. for INR 1.89 billion in cash on August 21, 2007. The offer per share was INR 275. The offer will be funded from foreign investors. The offer will open on October 5, 2007 and close on October 24, 2007
Gokaldas Exports Limited engages in the design, manufacture, and sale of a range of garments for men, women, and children. The company manufactures outerwear, blazers and pants, shorts, shirts, blouses, denim wear, swim wear, and active and sports wear. It exports its products to the United States, Canada, North America, and Europe. The company was founded in 1979 and is based in Bangalore, India
Stock is available at Rs 254 Last year EPS was Rs 20 which is expected to grow by 35% YoY.
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