Announced Mon, 5 Oct, 2026 · 16:41 IST
Indo-National buys additional 0.79% in Medcuore Medical for Rs 49.9 lakh
NIPPOBATRY · price
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Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹317.00
prior close
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AI summary
Indo-National has invested Rs 49.9 lakh to acquire an additional 0.79% stake in Medcuore Medical Solutions Pvt Ltd (MMSPL), taking its total holding to 63.07%. The deal involved buying 355 equity shares at Rs 14,056 each in cash. 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. The transaction is not a related party deal and needs no regulatory approvals. Completion is targeted by FY 2027-28.
Likely market impact
Small incremental stake hike in a fast-growing subsidiary. Limited fresh capital deployed, no major change in business direction expected.