Acquisitions29 Jun 2026, 05:30 pm
Lakhotia Polyesters Delays Dubai Acquisition to Sept 30
AI Summary
Lakhotia Polyesters (India) Ltd has announced a revised timeline for its proposed acquisition of a 100% stake in New Nexus FZ LLC, a Dubai-based entity. The acquisition, initially slated for completion by June 30, 2026, has been postponed due to delays in obtaining necessary regulatory approvals. The company now anticipates concluding the transaction on or before September 30, 2026. This update follows previous intimations regarding the deal made on December 12, 2025, and April 01, 2026.
Key Highlights
- Acquisition of 100% stake in New Nexus FZ LLC is delayed.
- Regulatory approval delays are cited as the reason for postponement.
- New target completion date is September 30, 2026.
- Original deadline was June 30, 2026.
Price Impact
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