Clarification
KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd (KICL) has clarified a news article that reported the company is in talks to buy the French footwear brand Kickers. The company stated that any decision to acquire the brand will only be finalized after Board of Directors' approval and completion of due diligence along with other statutory and contractual formalities. It confirmed there are no regulatory or legal proceedings linked to this matter and no undisclosed material events pending. The company will inform the stock exchange once any binding agreement is signed.
This is a non-confirmatory clarification — the acquisition is still at a discussion stage and not a done deal. Shareholders should wait for an official confirmation before reacting, but the news signals KICL's interest in expanding into the branded footwear space.