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Friday, February 3, 2012 - 05:30 IST
Blackstone-controlled Gokaldas Exports' Q3 Loss Doubles
BY TEAM VCC
Blackstone, holding 68.27% stake in its four-year-old investment, is sitting on unrealised losses of over 70%.
Blackstone-controlled apparel company Gokaldas Exports Ltd has seen its Q3 (ended December 2011) net loss more than double over the year-ago period, in spite of improved operational efficiency. The company continued to see pressure on revenue besides mark-to-market...
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