Lakhotia Polyesters Expects Completion of Acquisition by June 30, 2026
Lakhotia Polyesters (India) Ltd. announced a revised timeline for the acquisition of New Nexus FZ LLC, a Dubai-based entity. The company initially planned to complete the acquisition of 100% stake in New Nexus FZ LLC by March 31, 2026.The acquisition, previously disclosed on December 12, 2025, is now expected to be finalized by June 30, 2026. The delay is attributed to a postponement in the receipt of necessary regulatory approvals, resulting from the prevailing geopolitical situation.
Lakhotia Polyesters (India) Ltd. is headquartered in Nashik, Maharashtra. Madhusudan Lakhotiya serves as the Managing Director.
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