Danube Industries to Acquire 51% Stake in JCR Fashion Retail for Strategic Expansion

Danube Industries Ltd. has provisionally approved the proposal to acquire a controlling stake of around 51% in JCR Fashion Retail Private Limited, making it a subsidiary of the company. The acquisition is set to be completed within 9 months, with the consideration being a cash or share swap agreement, to be decided post due diligence and valuation. JCR Fashion Retail Private Limited is engaged in the retail of personal and household goods, with an aggregate turnover of INR 86,27,17,960 in FY 2024-25. The acquisition is not a related party transaction and does not require any governmental or regulatory approvals.