JHS Svendgaard Retail Ventures (NSE:RETAIL, BOM:544197) said Saturday that it is extending the completion timeline for its 27.5% stake acquisition in Woop Amusement by 12 months, according to an Indian bourse filing on Saturday.
The delay is down to due diligence required for the deal, the company said in the filing.
The company's board had approved the investment on Jan. 24, committing 275,000 Indian rupees for 27,500 equity shares. The deal was initially expected to close within a month.
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