Hintastica Private Limited Completes Asset Sale to Ariston Water Heating Products India Private Limited for INR 115 Crore

Hintastica Private Limited, a 50:50 Joint Venture of Hindware Home Innovation Limited and Atlantic Societe Francaise De Developpement Thermique, France, has completed the sale of its certain identified manufacturing assets to Ariston Water Heating Products India Private Limited. The transaction includes land, buildings, plant, machinery, and equipment at Green Industrial Park, Pollepally Village, Jadcherla Mandal, Mehaboob Nagar, Telangana, India. The consideration for the sale has been revised from INR 116 crore to INR 115 crore based on a post-signing commercial review. All conditions precedent under the Asset Sale Agreement have been satisfied, and the Sale Deed along with all ancillary closing documents, has been executed. The sale transaction stands completed with effect from 11 December, 2025.