Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
HINDWAREAP · price
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Hindware Home Innovation (HHIL) has exercised its put option to exit its 50:50 joint venture, Hintastica Private Limited (HPL), with Atlantic Société Française de Développement Thermique, France. HHIL currently holds 5,48,787 equity shares in HPL, with cumulative equity investment of approximately ₹78.86 crore (the latest tranche of 1,25,926 shares allotted in March 2025 at ₹1,350/share). The exit was triggered by a notice from Atlantic SFDT regarding a proposed transaction that may result in a change in control of the French partner. The Board has approved the exercise of the put option, authorised management to engage valuers and advisors, and reserved the right to initiate legal proceedings if needed. The final sale price and transfer timing will be determined per the JV Agreement's valuation and completion mechanisms.
Shareholders should expect a meaningful cash inflow for HHIL once the exit valuation is finalised, though the exact amount and timing are currently uncertain. The outcome could positively impact the stock if the valuation is at or above the ~₹79 crore invested; further disclosures on the final consideration will be key for investors to track.