28-Oct-2026 12:19:32

NIPPOBATRYAcquisition and merger

NIPPOBATRY : ACQUIRES ADDITIONAL 0.39% STAKE IN MEDCUORE FOR RS 25.02 L

• Indo National subscribed to 178 equity shares of Medcuore Medical Solutions at ₹14,056/share • Investment aggregates ₹25,01,968 (~₹25.02 L) on cash consideration basis • Additional stake is 0.39% of paid-up capital on fully diluted basis; total holding rises to 63.46% • Medcuore makes and distributes air monitoring systems and air purifiers • Target turnover: FY26 ₹1.46 Cr, FY25 ₹35.41 L, FY24 ₹47.68 L

Indo National Ltd

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