DOMS Industries Limited — JV/Acquisition, 27-03-2025: Acquisition

DOMS Industries Limited has announced a board meeting to approve the acquisition of an additional 13.0% stake in its subsidiary, Pioneer Stationery Private Limited, increasing its ownership to 64.0%. The transaction, valued at ₹ 11.08 Cr, will be completed by April 30, 2025. This strategic move aligns with DOMS's objective of strengthening its presence in the paper stationery segment, leveraging Pioneer’s existing operations and market position. With Pioneer’s revenue for FY 2023-24 at ₹ 160.11 Cr, this acquisition is expected to enhance operational capabilities and drive future growth.