SUMMARY
- DOMS Industries Limited has acquired a 51.77% equity stake in Uniclan Healthcare Private Limited.
- DOMS has acquired 71,16,080 equity shares at a total cost of Rs 54.88 crore.
- This acquisition by DOMS is aimed at broadening its product portfolio and diversifying its offerings to function in a wider market segment.
Stationary brand DOMS Industries Limited has acquired a 51.77% equity stake in Uniclan Healthcare Private Limited. This move positions Uniclan as a subsidiary under the DOMS umbrella.
In the acquisition, DOMS has acquired 71,16,080 equity shares at a total cost of Rs 54.88 crore, with a portion of Rs 28.88 crore being allocated as a primary investment.
The funds are set to be utilized by Uniclan for various purposes, including the expansion of its manufacturing capacity, repayment of existing debts, and meeting the working capital requirements, as has been confirmed by the company.
This acquisition is a crucial step for DOMS in its expansion strategy, aimed at broadening its product portfolio and diversifying its offerings to function in a wider market segment.
Uniclan, with its manufacturing facility in Jaipur, Rajasthan, has an installed capacity of approximately 400 million pull-up pant-style baby diapers annually, predominantly marketed under the brand “Wowper”.
Santosh Raveshia, Managing Director of DOMS Industries Limited, has stated, “This acquisition is a critical step in our long-term strategy to explore new sectors that enhance our business portfolio, particularly focusing on children in their formative years.”
Vatsal Desai, Founder and Director of Uniclan Healthcare Private Limited, shared,”By tapping into DOMS’ consumer insights and market expertise, we are confident that we can further strengthen our brand and continue delivering exceptional products to our customers. Together, we look forward to setting new industry benchmarks and advancing our shared vision for the future.”
