Acquisitions22 Jan 2026, 03:45 pm
Indo National Ltd Acquires 54.79% Stake in Medcuore Medical Solutions for Rs. 6,93,66,540
AI Summary
Indo National Ltd has invested an aggregate amount of Rs. 6,93,66,540 in Medcuore Medical Solutions Private Ltd, acquiring 54.79% of its paid-up share capital on a fully diluted basis. This investment has made MMSPL a subsidiary of Indo National Ltd. The acquisition is aimed at facilitating business growth and generating revenue. The shares were acquired based on a valuation price of Rs. 9,187 per share. MMSPL is engaged in the business of manufacturing, distribution, and providing services in relation to Air Monitoring System and Air Purifiers.
Key Highlights
- Indo National Ltd has acquired 54.79% stake in Medcuore Medical Solutions Private Ltd for Rs. 6,93,66,540
- MMSPL has become a subsidiary of Indo National Ltd consequent to the investment
- The acquisition is aimed at facilitating business growth and generating revenue
- The shares were acquired based on a valuation price of Rs. 9,187 per share
- MMSPL is engaged in the business of manufacturing, distribution, and providing services in relation to Air Monitoring System and Air Purifiers