Danube Industries has received approval for acquisition of controlling stake of around 51% in JCR Fashion Retail, thereby making subsidiary of the company. The object of this acquisition is to achieve strategic expansion, diversification, integration, or investment purposes. The acquisition is to be executed within 9 months.
The board of directors of the company in its meeting held on December 11, 2025, have inter alia, considered and approved the same.
Danube Industries is engaged in various business activities such as to carry on the business of manufacturing of all varieties of pulp, paper, board from conventional and non-conventional raw material and to set up factories.
