Additional Investment in Medcuore Medical Solutions Private Limited
NIPPOBATRY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indo National Ltd (Nippo) has made an additional investment of Rs 80 lakh in Medcuore Medical Solutions Private Ltd (MMSPL), acquiring 2.69% more equity stake. Following this investment, Nippo's total holding in MMSPL stands at 57.48%, making it a majority shareholder. The acquisition was done at Rs 9,187 per share based on a registered valuer's report. MMSPL is engaged in manufacturing and distributing Air Monitoring Systems and Air Purifiers. The target company's turnover declined from Rs 83.54 lakh in FY23 to Rs 35.41 lakh in FY25. The investment is aimed at facilitating business growth and generating revenue through expansion. The deal is all-cash and expected to complete by FY 2027-28.
This acquisition increases Nippo's majority stake in MMSPL to 57.48%, expanding the company's presence in the air quality management segment. While positive for diversification, the target company's declining turnover may raise questions about near-term profitability from this investment.