Indo-National Limited — JV/Acquisition, 13-07-2026: Acquisition

Indo National (Nippo) has further strengthened its position in Medcuore Medical Solutions Private Ltd (MMSPL) by investing Rs. 0.75 Cr, acquiring an additional 1.18% stake. Nippo's total ownership in MMSPL now stands at 60.34%. MMSPL is engaged in manufacturing and distributing air monitoring systems and purifiers, reporting a turnover of Rs. 1.46 Cr for FY26. This strategic investment aims to fuel business growth, diversify Nippo's product portfolio, and unlock new revenue opportunities within the expanding air purification market.