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Hindware Home Innovation Limited ( (IN:HINDWAREAP) ) has shared an update.
Hindware Home Innovation Limited’s joint venture, Hintastica Private Limited, has entered into an asset sale agreement with Ariston Water Heating Products India Private Limited for the sale of its manufacturing assets in Telangana, India, for INR 116 crore. This strategic move allows Hintastica to transition to an asset-light model, enhancing operational flexibility and focusing on market development, product innovation, and expanding consumer reach while maintaining its presence in the water heater business.
More about Hindware Home Innovation Limited
Hindware Home Innovation Limited operates in the home solutions industry, focusing on products such as water heaters. It is involved in a joint venture with Atlantic Societe Francaise De Developpement Thermique, France, under the name Hintastica Private Limited, which has been producing electric storage water heaters since 2023.
Average Trading Volume: 19,607
Technical Sentiment Signal: Buy
Current Market Cap: 31.18B INR
See more insights into HINDWAREAP stock on TipRanks’ Stock Analysis page.