Investment13 May 2026, 05:31 pm
Indo National Invests ₹80 Lakh More in Medcuore Medical
AI Summary
Indo National Ltd has invested an additional ₹80 lakh in Medcuore Medical Solutions Private Ltd (MMSPL), increasing its stake by 2.69% to a total of 57.48%. The acquisition, made through equity share subscription, aims to facilitate business growth and revenue generation for Indo National. The price per share was ₹9,187, based on a valuation report. MMSPL is involved in manufacturing, distribution, and services related to air monitoring systems and air purifiers. The investment is not a related party transaction.
Key Highlights
- Indo National invests ₹80 lakh in Medcuore Medical Solutions Private Ltd.
- The investment increases Indo National's stake in MMSPL to 57.48%.
- MMSPL's turnover for FY 24-25 was ₹35,41,484.
- The acquisition aims to facilitate business growth and revenue generation.
- The price per share for the acquisition was ₹9,187.
Price Impact
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