Announced Tue, 30 Jun · 17:11 IST
Hindware Home Innovation completes Hintastica acquisition, makes it wholly owned unit
HINDWAREAP · price
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Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹261.50
prior close
₹257.40
base price
After-mkt
timing
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AI summary
Hindware Home Innovation Limited has completed the acquisition of 5,48,787 equity shares of Hintastica Private Limited (HPL) from Atlantic for about INR 2.79 crore on 30 June 2026. HPL was earlier a joint venture between the Company and Atlantic, and has now become a wholly owned subsidiary of Hindware. The existing JV agreements stand terminated. The Company plans to expand the water heater business through HPL under the hindware brand.
Likely market impact
HPL becomes a wholly owned subsidiary, giving Hindware full control over its water heater business. Deal size is small at about INR 2.79 crore.