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DOMS Industries acquires 51.77% stake in Uniclan
Sep-17-2024

DOMS Industries has executed the Share Purchase Agreement, Share Subscription Agreement and Shareholders Agreement (collectively referred to as Definitive Agreements) with Uniclan and its existing shareholders. Further, the company has subscribed to 37,44,708 Equity Shares and purchased 33,71,372 Equity Shares from certain existing shareholders of Uniclan. 

This represents 51.77% equity shareholding in Uniclan acquired for a total consideration of Rs 54.88 crore. The said transaction has been completed on September 16, 2024. Consequent to the above transaction, Uniclan has become a subsidiary of the company with effect from September 16, 2024. 

DOMS Industries designs, develops, manufactures, and sells a wide range of stationery and art products, primarily under its flagship brand ‘DOMS’.

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