Kothari Industrial Corporation Limited (KICL) has acquired strategic assets from Zaimus Trends Private Limited (ZTPL) for a cash consideration of 0.70 Cr.

These assets include leasehold rights to facilities and movable assets like plant and machinery, crucial for footwear production.

This move aims to significantly enhance KICL's manufacturing and operational capabilities in its footwear division.

The acquisition will strengthen KICL's supply chain and production capacity for its "Jeetto," "Zodiz," and "Zodiz Kidoz" brands, supporting its goal to expand market share in the affordable footwear segment.