Indo National has invested an aggregate amount of Rs 99.87 lakh by way of subscription to equity shares of Medcuore Medical Solutions (MMSPL). The said investment represents an additional 1.68% of the paid-up share capital in MMSPL on a fully diluted basis.
The objective of investment is to facilitate business growth and to generate revenue and to earn profit due to expansion of business. Following this acquisition, the company’s aggregate shareholding in MMSPL now stands at 59.16%.
Indo National is engaged in the manufacturing and sale of dry cell batteries, rechargeable batteries, flashlights, and general lighting products, which fall under a single business segment known as Consumer Goods.
