Acquisitions1 April 2026 at 02:41 pm
Lakhotia Polyesters Delays Proposed Acquisition of New Nexus FZ LLC Due to Geopolitical Situation
AI Summary
Lakhotia Polyesters (India) Ltd has announced a delay in the proposed acquisition of 100% stake in New Nexus FZ LLC, a Dubai-based entity. The acquisition, which was initially expected to be concluded by March 31, 2026, is now likely to be completed by June 30, 2026. The delay is attributed to the receipt of regulatory approvals being impacted by the prevailing geopolitical situation.
Key Highlights
- Lakhotia Polyesters (India) Ltd delays proposed acquisition of New Nexus FZ LLC
- The acquisition was initially expected to be concluded by March 31, 2026, but is now likely to be completed by June 30, 2026
- The delay is due to the receipt of regulatory approvals being impacted by the geopolitical situation