Announced Thu, 23 Jul · 14:54 IST
Indo-National adds 0.75% in Medcuore Medical for Rs 49.94 lakh
NIPPOBATRY · price
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Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹328.80
prior close
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base price
In-mkt
timing
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AI summary
Indo-National invested Rs 49.94 lakh to buy an additional 0.75% stake (302 shares at Rs 16,536 each) in Medcuore Medical Solutions Pvt Ltd, taking total holding to 61.09%. MMSPL makes air monitoring systems and air purifiers, with FY26 turnover of Rs 1.46 crore, up sharply from Rs 35.4 lakh in FY25. Deal is a cash, non-related-party transaction aimed at business growth.
Likely market impact
Minor incremental stake hike in an already subsidiary. MMSPL turnover nearly quadrupled year-on-year, showing strong traction in the air purifier business.