Acquisition of Dubai-based New Nexus FZ LLC delayed to December 31, 2026
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On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 1.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lakhotia Polyesters is acquiring 100 percent stake in Dubai-based New Nexus FZ LLC. The deal, originally to be concluded by September 30, 2026, is now delayed due to pending regulatory approvals. New completion target is on or before December 31, 2026.
Delay in regulatory approvals pushes acquisition deadline by about three months; deal still expected to close.