Indo-National (NIPPOBATRY) — Announcement

Indo-National Limited announced an additional Rs. 80 lakh investment in Medcuore Medical Solutions Private Ltd, raising its stake to 57.48% and acquiring 871 shares at Rs. 9,187 per share. The acquisition, part of expansion into air monitoring and purifier services, required no regulatory approvals and is expected to complete by FY 2027-28. This strategic move enhances revenue potential in the medical devices sector.

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About Indo-National Limited (NIPPOBATRY)

Capital Goods · Dry cells · Listed on NSE

Market Cap: ₹246.75 Cr ROE: -5.9% ROCE: -5.7% Div Yield: 1.14%

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