Indo-National invests Rs 49.93 lakh in MMSPL

Indo-National has invested an aggregate amount of Rs 49.93 lakh by way of subscription to Equity Shares of Medcuore Medical Solutions (MMSPL). The said investment represents an additional 0.75% of the paid-up share capital in MMSPL on a fully diluted basis. Following this acquisition, the company’s aggregate shareholding in MMSPL now stands at 61.09%.

MMSPL is engaged in the business of manufacturing, distribution and providing services in relation to Air Monitoring System and Air Purifiers. The object of acquisition is to facilitate business growth and to generate revenue and to earn profit due to expansion of business. 

Indo-National, formerly Nippo Batteries Co., is an India-based company. The company markets various range of LED torch lights to cater to customer requirements.