Indo-National Limited — Important, 16-04-2025: General Updates

The Board of Directors approved a significant investment in Medcuore Medical Solutions Private Ltd (MMSPL), involving a total commitment of INR 17 Cr over three financial years. This investment will result in Indo National acquiring a 70.70% stake in MMSPL’s paid-up share capital on a fully diluted basis. The transaction includes the execution of a Share Subscription Agreement and a Shareholders' Agreement, contingent upon fulfilling certain conditions. This strategic move highlights Indo National's commitment to expanding its portfolio in the healthcare sector and signals a positive growth opportunity, particularly as MMSPL develops its offerings. Investors should monitor this development closely for potential benefits.