Hindware Home Innovation increases Hintastica stake to 96.6%
Published on: June 4, 2026, 10:08 p.m. | Source: scanx.trade
Hindware Home Innovation Limited has raised its stake in Hintastica Private Limited to 96.6% after the latter's board allotted 1,50,00,000 equity shares on June 4, 2026. This investment, part of a ₹15 crore rights issue, consolidates the water heater business under the 'hindware' brand as Atlantic exits the joint venture. The company is also acquiring 5,48,787 shares from Atlantic for ₹2.78 crore and has extended a ₹25 crore corporate guarantee for Hintastica's working capital facilities.
