Lakhotia Polyesters Updates Acquisition Timeline for New Nexus FZ LLC Amid Regulatory Delays
Lakhotia Polyesters (India) Ltd has provided an update regarding its proposed acquisition of a stake in New Nexus FZ LLC. The company initially aimed to conclude the purchase, which involves a 100% stake in the Dubai-based entity, by June 30, 2026.The corporation confirmed that the timeline for the transaction needs adjustment due to delays encountered in receiving necessary regulatory approvals. Consequently, the proposed acquisition is now anticipated to be completed on or before September 30, 2026.
This update relates to previous intimations issued by the company regarding the ongoing acquisition of New Nexus FZ LLC.
Stock Price Movement
At the close of trade today, Lakhotia Polyesters (India) Ltd saw its shares settle at ₹64.16, surging 6.63%. The stock experienced significant intraday volatility, trading between a low of ₹56.00 and a high of ₹66.17.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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