DOMS Industries raises stake in Pioneer Stationery to 64 per cent with buyout

MUMBAI: DOMS Industries Limited has increased its stake in Pioneer Stationery Private Limited to 64 per cent, completing the final leg of an acquisition aimed at strengthening its hold over the business.

The company said it has acquired the remaining 6.5 per cent stake in Pioneer from existing shareholders, taking its total shareholding up from 57.5 per cent. The transaction, completed on March 31, 2026, involved the purchase of 3,900 equity shares for a total consideration of Rs 5.53 crore.

This follows an earlier board-approved plan to acquire an additional 13 per cent stake in the subsidiary, as disclosed in late December 2025. With this final tranche now concluded, DOMS has effectively tightened its control over Pioneer, signalling a deeper integration of operations.

The move is part of the company’s broader strategy to consolidate its presence in the stationery segment, where scale and distribution play a critical role. By increasing its ownership, DOMS is expected to streamline decision-making and unlock greater operational efficiencies within the subsidiary.