Acquisitions30 Sept 2026, 06:00 pm
Lakhotia Polyesters Acquisition Delayed to Dec 31
AI Summary
Lakhotia Polyesters (India) Ltd has announced a delay in the proposed acquisition of a 100% stake in Dubai-based New Nexus FZ LLC. The acquisition, initially slated for completion by September 30, 2026, is now expected to be finalized by December 31, 2026. This extension is attributed to delays in obtaining necessary regulatory approvals. The company has previously intimated about this proposed acquisition on December 12, 2025, April 01, 2026, and June 29, 2026.
Key Highlights
- Proposed acquisition of New Nexus FZ LLC delayed.
- New completion deadline set for December 31, 2026.
- Delay caused by pending regulatory approvals.
- Acquisition involves 100% stake in Dubai-based entity.
Price Impact
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