DOMS Industries Extends Acquisition of Pioneer Stationery Stake to March 31, 2026
DOMS Industries Limited has announced an extension for the acquisition of an additional 13.0% stake in its subsidiary, Pioneer Stationery Private Limited. This decision follows previous communications...
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Why is DOMS Industries Limited in the news today?
DOMS Industries Limited (DOMS) is in the news due to the announcement is a procedural update regarding an extension of an acquisition timeline, with no new financial information or significant changes in the deal terms. therefore, the sentiment is neutral.
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DOMS Industries Extends Acquisition of Pioneer Stationery Stake to March 31, 2026
December 29, 2025, 09:46 AM
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DOMS Industries Limited has announced an extension for the acquisition of an additional 13.0% stake in its subsidiary, Pioneer Stationery Private Limited. This decision follows previous communications on March 27, 2025, April 29, 2025, and July 31, 2025, where the Board of Directors initially approved the acquisition.
The company had completed a partial acquisition of 6.5% stake in Pioneer on August 30, 2025, with the remaining acquisition proposed for completion by December 31, 2025.
However, due to mutual agreement between the Gala Group Shareholders and DOMS Industries, the completion date for the acquisition of the remaining stake has been extended to March 31, 2026. All other terms and conditions previously communicated remain unchanged.
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