Archive · 5 Oct 2026
Indo National Raises Medcuore Stake to 63.07% With Investment
Indo National bought more shares in a company called Medcuore Medical Solutions.
It paid ₹49,89,880 for 355 shares.
Those shares add 0.79% to Indo National’s ownership, bringing its total stake to 63.07%.
Medcuore makes and sells air monitoring systems and air purifiers, and also provides related services.
Indo National said the deal is intended to help expand its business and generate profits.
The purchase was announced on 5 October 2026.
It is expected to be completed by FY 2027-28.
Indo National Limited invested ₹49,89,880 to acquire an additional 0.79% stake in Medcuore Medical Solutions Private Ltd.
The acquisition involved 355 shares priced at ₹14,056 each, with the valuation based on a registered valuer’s report dated 21 August 2026.
The transaction was announced in a stock exchange filing on 5 October 2026 and is expected to be completed by FY 2027-28.
The purchase takes Indo National’s total shareholding in Medcuore Medical Solutions to 63.07%.
Medcuore makes, distributes and services air monitoring systems and air purifiers; its FY 2025-26 turnover was ₹1,45,60,000.
- Who
- Indo National Limited and Medcuore Medical Solutions Private Ltd (MMSPL).
- What
- Indo National acquired an additional 0.79% equity stake for ₹49,89,880, raising its holding to 63.07%.
- When
- Announced on 5 October 2026; completion is expected by FY 2027-28.
- Where
- India.
- Why
- The acquisition is intended to support business expansion and profit generation for Indo National Limited.
- Investment
- ₹49,89,880
- Shares acquired
- 355 shares
- Price per share
- ₹14,056
- Additional stake
- 0.79%
- Total shareholding after acquisition
- 63.07%
- Expected completion
- FY 2027-28
- MMSPL FY 2025-26 turnover
- ₹1,45,60,000