Nibe Limited acquires 48.95 percent additional stake in Nibe Meson Naval
NIBE · price
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Nibe Limited has acquired an additional 48.95 percent stake (48,950 equity shares) in Nibe Meson Naval Limited for a cash consideration of about Rs 4.89 lakh. With the earlier 51 percent holding, Nibe Limited now owns 99.95 percent of the target. Nibe Meson Naval makes fluid control equipment like valves, actuators, piping and pumps. It reported a net loss of Rs 12.50 lakh for FY25 with nil turnover. The deal is not related party, no regulatory approvals were needed, and the transaction is completed.
Nibe Limited gains near total control of Nibe Meson Naval, allowing full strategic and management flexibility in the fluid control equipment business.