Target Entity: Medcuore Medical Solutions Private Ltd (MMSPL)
Type of Deal: Additional equity investment (minority stake acquisition)
Stake/Capacity: Additional 1.18% equity stake acquired, bringing total shareholding to 60.34% on fully diluted basis. Number of shares acquired: 453 shares.
Funding Source: Cash consideration. The shares were acquired based on valuation report issued by registered valuer.
Price per Share: ₹16,536 (Rupees Sixteen thousand five hundred thirty-six) per share
Financial Impact: Not explicitly disclosed in terms of revenue contribution, EBITDA impact, or accretion/dilution. The stated object is "to facilitate business growth and to generate revenue and to earn profit due to expansion of business."
Timeline: Expected completion by FY 2027-28
Strategic Rationale: To facilitate business growth, generate revenue, and earn profit through business expansion. MMSPL is engaged in the business of manufacturing, distribution and providing services in relation to Air Monitoring System and Air Purifiers.
Approval Status: No governmental or regulatory approvals required
Additional Target Information:
Date of Incorporation: June 7, 2020
Business: Manufacturing, distribution and services in air monitoring systems and air purifiers
Turnover History:
FY26: ₹1,45,60,000
FY25: ₹35,41,484
FY24: ₹47,68,000
Geographic Presence: India
Transaction Details:
Not a related party transaction
No promoter/promoter group/group companies have any interest in the entity being acquired
