Disclosure under Regulation 30 of the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015 ( ListingRegulations ).
HINDWAREAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hindware Home Innovation has exercised its put option to exit its 50:50 joint venture, Hintastica Private Limited (HPL), with Atlantic Société Française de Développement Thermique (France). The company holds 5,48,787 equity shares in HPL with a cumulative investment of about ₹78.86 crore, the latest being 1,25,926 shares subscribed at ₹1,350 each in March 2025. The exit was triggered after Atlantic SFDT notified a proposed transaction that may lead to a change in its control. The Board has approved the put option exercise and authorised management to engage advisors, valuers, and take legal steps if needed to enforce the company's rights. The final sale price and transfer are subject to valuation and completion formalities under the JV agreement.
This is a strategic exit move that could bring in cash inflows of around ₹78–100+ crore (subject to valuation) for shareholders, but the actual amount and timing depend on the JV agreement's valuation mechanism. Investors should watch for further disclosures on the final consideration.