Hindware Home Innovation Acquires Full Stake in Hintastica

Date: 30th June, 2026

Disinvestment / Strategic Actions

Hindware Home Innovation Limited acquired 5,48,787 equity shares of Hintastica Private Limited held by Atlantic Société Française de Développement Thermique on 30 June, 2026.

The aggregate purchase consideration was INR 2,78,83,867.47 (₹2.79 crore).

Consequent to this acquisition, HPL has ceased to be a joint venture of the Company and Atlantic and has become a wholly owned subsidiary of the Company.

All existing joint venture arrangements between the Company and Atlantic in relation to HPL, including the shareholders' agreement and all ancillary agreements entered into in connection therewith, have been terminated and no longer have any force or effect.

The Company intends to continue and expand the water heater business through HPL, under the "hindware" brand.

Other Sections

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