Hindware Home Innovation Completes Acquisition of Atlantic's Stake in Hintastica; Boosts Investment in Rights Issue

Hindware Home Innovation Completes Acquisition of Atlantic's Stake in Hintastica; Boosts Investment in Rights Issue​

Hindware Home Innovation Limited announced significant developments regarding its subsidiary, Hintastica Private Limited. The company approved a multi-pronged strategic move comprising an investment through a rights issue and the acquisition of all remaining shares held by Atlantic Société Française de Développement Thermique, establishing 100% ownership of Hintastica.

The Board meeting of Hindware Home Innovation Limited on June 3, 2026, sanctioned the company's investment in Hintastica via a rights issue, dedicating up to INR 15 crore toward subscribing to the equity shares. This subscription is designed to provide crucial financial support and capitalize working capital needs for Hintastica, whose business focuses on supplying electric storage water heaters.

Acquisition of Atlantic’s Stake​

The company also approved the execution of a Share Purchase Agreement (SPA) to acquire all remaining shares of Hintastica held by Atlantic. As Atlantic had declined the rights issue offer, they sought to exit the investment due to strategic concerns regarding share dilution.

Hindware Home Innovation Limited agreed to acquire 5,48,787 equity shares from Atlantic for an aggregate consideration of approximately INR 2,78,83,867/-. The acquisition is expected to be completed within 45 days of the SPA execution date.

Upon the completion of this transaction, Hintastica will cease being a joint venture and will become a wholly owned subsidiary of Hindware Home Innovation Limited. The company stated that the existing joint venture agreement and all ancillary arrangements between it and Atlantic concerning Hintastica will stand terminated.

Key details of the share acquisition are summarized below:

Corporate Guarantee and Strategic Outlook​

In addition to the acquisition, the Board of Directors approved the extension of a corporate guarantee for Hintastica. This guarantee, valued at INR 25 crore, is intended to provide additional security to lenders, reflecting the company's enhanced 100% shareholding in Hintastica.

The strategic direction includes continuing the water heater business under the 'Hindware' brand name.

Company and Entity Background​

Hintastica Private Limited operates in the Consumer Durables and Home Appliances industry, specializing in manufacturing, distribution, and marketing of domestic electric storage water heaters. The company was incorporated on November 14, 2019, and has operations across India, Nepal, and Bhutan.

Financial details for Hintastica as of March 31, 2026:

The company's subscription to the rights issue, coupled with the acquisition of Atlantic's stake, solidifies Hindware Home Innovation Limited’s control over Hintastica.

HINDWAREAP Stock Price Movement​

As of 2:48 PM, shares of Hindware Home Innovation Limited are shedding value in live trading, slipping by 0.55% to ₹226.8. The stock has maintained a considerable intraday trading range, trading between a low of ₹221.21 and a high of ₹228.93.