Indo-National Limited — JV/Acquisition, 22-01-2026: Acquisition

Indo National (Nippo) has acquired a 54.79% controlling stake in Medcuore Medical Solutions (MMSPL) for Rs. 6.94 Cr. MMSPL specializes in Air Monitoring Systems and Purifiers. This strategic investment expands Nippo's product portfolio, venturing into the health and wellness segment. The acquisition aims to unlock new revenue streams and drive business growth through diversification, with MMSPL now becoming a key subsidiary for Indo National, signaling a focused expansion into a promising market.