Hindware Home Innovation Limited Exercises Put Option in Joint Venture
Gurugram, India – March 24, 2026 – Hindware Home Innovation Limited announced today that it has exercised its put option concerning its shareholding in Hintastica Private Limited (HPL), a joint venture with Atlantic Société Française de Développement Thermique, France (Atlantic SFDT).The move was triggered by a notice from Atlantic SFDT regarding a proposed transaction that may lead to a change in control of Atlantic SFDT, as outlined in the Share Subscription and Shareholders' Agreement dated March 25, 2021.
As of the date of the announcement, Hindware Home Innovation Limited holds 548,787 equity shares in HPL, representing an aggregate equity investment of INR 788,634,570. The most recent tranche of subscription included 125,926 equity shares allotted on March 21, 2025, at a price of INR 1,350 per share.
The Board of Directors authorized management to pursue all necessary actions related to the put option exercise, including engagement of advisors and valuers and initiating legal or contractual proceedings if required. The transfer of shares and the final consideration are subject to the terms of the JV Agreement, including valuation and completion procedures.
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