Indo-National (NIPPOBATRY) — Announcement

Indo-National Limited announced on May 30, 2026 that it invested Rs. 99.88 lakhs to acquire an additional 1.68% equity stake in Medcuore Medical Solutions Private Ltd, increasing its total holding to 59.16%. The investment represents a cash purchase at Rs. 16,536 per share and expands the company's presence in the air monitoring and purifier business. This strategic move supports growth objectives and diversifies revenue streams into new medical equipment segments.

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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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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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