DOMS Secures Majority Stake of 51.77% in Uniclan Healthcare

DOMS Secures Majority Stake of 51.77% in Uniclan Healthcare

Doms industries constrained (“doms”), certainly one of india's main stationery and artwork fabric brand, has announced the of entirety of its strategic investment to accumulate a 51.77% equity stake in uniclan healthcare personal limited (“uniclan”), a growing manufacturer of baby diapers, wipes, and different toddler hygiene merchandise. The acquisition makes uniclan a subsidiary of doms. As part of the transaction, the company has obtained 71,16,080 fairness shares for a complete attention of ₹ 54.88 crore, of which ₹ 28.88 crore will be number one infusion, as a way to be applied in the direction of capacity expansion, debt repayment and funding working capital requirements by using uniclan.

The acquisition permits doms to increase its product range and diversify its product portfolio in step with its normal boom method to cater to a broader marketplace. Uniclan has a cutting-edge production facility in jaipur, rajasthan with an hooked up potential about 400 million pull- up pant fashion infant diapers in keeping with annum that are normally offered underneath its flagship logo "wowper". Uniclan's eager cognizance on advanced r&d and adherence to international satisfactory requirements has ended in growing market attractiveness and popularity for its products. Uniclan is now focussed on expanding its market attain by using increasing its distribution community.

Commenting on the purchase, santosh raveshia, coping with director, doms industries restrained, said, "we're pleased to announce our strategic access into the toddler hygiene section with this funding in uniclan. Its properly-frequent product portfolio, developing marketplace presence and ahead- questioning method align perfectly with our vision for boom and diversification. This acquisition is a crucial step in our lengthy-term approach to discover new sectors that enhance our commercial enterprise portfolio and   resonate well with our focused consciousness on youngsters of their developing years. While we continue to be targeted on driving innovation and delivering price across our middle commercial enterprise segments, the expansion is anticipated to reinforce our distribution network within the long time, opening new avenues for income and contributing to our basic success. We are keen to forge a a success partnership with uniclan and expect numerous opportunities for innovation and mutual achievement."

Vatsal desai, founder and director, uniclan healthcare personal restricted added “we are excited to accomplice with doms, a organization that shares our dedication for long term fee creation. We accept as true with that with our attention on product quality and innovation, and leveraging doms distribution network in india and globally, we will be capable of increase uniclan's growth trajectory and amplify our attain. By using leveraging doms customer knowledge and marketplace understanding, we are assured that we will in addition make stronger our logo and keep to supply first rate merchandise to our clients. Together, we stay up for placing new benchmarks inside the industry and riding ahead our shared vision for the future.”

For doms, this acquisition provides several big advantages. By coming into the diaper marketplace, which is valued at approximately $2 billion and developing at a compound annual increase price (cagr) of about 16%, doms drastically expands its addressable target marketplace. Within the brief time period, uniclan will advantage from doms' enormous distribution community, together with its strong relationships with superb stockists and vendors that shall permit uniclan to expand its market attain. Over the long time, this partnership opens the opportunity for uniclan’s network to serve as a parallel distribution channel for doms' own products, as a consequence amplifying the boom capability of each corporations.