Joint Venture25 Mar 2026, 12:14 pm
Hindware Home Innovation Ltd Exercises Put Option in Hintastica Private Limited Joint Venture
AI Summary
Hindware Home Innovation Ltd (HHIL) has exercised its put option under the Share Subscription and Shareholders’ Agreement dated March 25, 2021, in respect of its shareholding in Hintastica Private Limited (HPL), a 50:50 joint venture between HHIL and Atlantic Société Française de Développement Thermique, France. The exercise of the put option was triggered due to a proposed transaction involving Atlantic SFDT, which may result in a change in control. The transfer of equity shares and the final consideration are subject to determination in accordance with the JV Agreement.
Key Highlights
- HHIL exercised its put option in Hintastica Private Limited, a 50:50 joint venture with Atlantic Société Française de Développement Thermique, France.
- The exercise of the put option was due to a proposed transaction that may result in a change in control of Atlantic SFDT.
- The final consideration for the transfer of equity shares is subject to determination in accordance with the JV Agreement.
- The Board of Directors approved the exercise of the put option and authorized necessary actions.
- Further disclosures will be made in accordance with applicable disclosure requirements under SEBI / listing regulations.