3M India Limited has informed the Exchange about General Updates on PG&F business
3MINDIA · price
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3M India has informed the exchange that its parent, 3M Company USA, is selling its global Precision Grinding & Finishing (PG&F) business to Nimbus, a Europe-based private equity firm, with the deal expected to close on April 1, 2026. As a result, 3M India will stop all PG&F operations in India after the global closing. The India PG&F business is small, generating about INR 26 crore in FY 2024-25 sales, and operates as a trading unit with just two employees. The parent has publicly disclosed a loss on this global divestiture. To avoid supply disruption, 3M India will provide limited transition support for up to 12 months (extendable by 6 months) under a Transition Distribution Services Agreement.
The financial impact on 3M India is minimal since PG&F contributes only about INR 26 crore (a very small fraction of overall revenue). Shareholders should see negligible effect on earnings; the move is part of the parent's global portfolio restructuring and is unlikely to move the stock meaningfully.