DOMS Industries shines on acquiring 51.77% stake in Uniclan
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DOMS Industries is currently trading at Rs. 2857.95, up by 51.35 points or 1.83% from its previous closing of Rs. 2806.60 on the BSE.
The scrip opened at Rs. 2885.00 and has touched a high and low of Rs. 2885.00 and Rs. 2838.15 respectively. So far 542 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2972.15 on 17-Sep-2024 and a 52 week low of Rs. 1224.40 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 2972.15 and Rs. 2742.05 respectively. The current market cap of the company is Rs. 17032.48 crore.
The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 21.66% and 3.38% respectively.
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’.
