Karnika Industries Limited — JV/Acquisition, 20-09-2025: Acquisition

Karnika Industries is acquiring a 75% equity stake in Kidcity Solutions Pvt Ltd for approximately 3.67 Cr in cash. This strategic move marks Karnika's entry into the direct-to-consumer (D2C) and broader retail sector, specifically targeting the kids' garment market. Kidcity, known for its 'Kidcity' brand, sells through e-commerce and retail kiosks. This acquisition aims to enhance Karnika's revenue by expanding its business footprint and leveraging Kidcity's established D2C model for significant growth.