Hindware Home Innovation Acquires Full Stake in Hintastica for ₹2.78 Cr

Hindware Home Innovation Limited (HHIL) has completed the acquisition of the entire shareholding in Hintastica Private Limited (HPL) from Atlantic Société Française de Développement Thermique. The transaction involved the purchase of 5,48,787 equity shares for an aggregate consideration of ₹2,78,83,867.47. Following this acquisition, HPL is no longer a joint venture and has become a wholly owned subsidiary of HHIL. All existing joint venture agreements related to HPL have been terminated. HHIL plans to continue and expand the water heater business through HPL under the "hindware" brand.