NEW DELHI: DOMS Industries, a stationery and artwork materials model, has introduced the completion of its strategic funding to accumulate almost 52% stake in Uniclan Healthcare, a producer of child diapers, wipes, and different child hygiene merchandise.
As part of the transaction, the corporate has acquired 71,16,080 fairness shares for a complete consideration of Rs 54.88 crore, of which Rs 28.88 crore shall be main infusion, which will likely be utilized in direction of capability enlargement, debt compensation and funding working capital necessities by Uniclan, says an organization assertion.
Uniclan has a state-of-the-art manufacturing facility in Jaipur with an put in capability roughly 400 million pull-up pant type child diapers every year that are primarily offered below its flagship model “Wowper”.
As part of the transaction, the corporate has acquired 71,16,080 fairness shares for a complete consideration of Rs 54.88 crore, of which Rs 28.88 crore shall be main infusion, which will likely be utilized in direction of capability enlargement, debt compensation and funding working capital necessities by Uniclan, says an organization assertion.
Uniclan has a state-of-the-art manufacturing facility in Jaipur with an put in capability roughly 400 million pull-up pant type child diapers every year that are primarily offered below its flagship model “Wowper”.