 "Indo National Ltd divests its 51% stake in Kineco Ltd for Rs 220 crore, shifting focus to aerospace and defence industries.")
Indo National Ltd divests its 51% stake in Kineco Ltd for Rs 220 crore, shifting focus to aerospace and defence industries.
Indo National Ltd, established in 1972, is a prominent manufacturer of dry-cell batteries in India, operating under the Nippo brand. Recently, the company announced its decision to sell its 51 percent stake in Kineco Ltd, a composites manufacturer, for Rs 220 crore. This move aims to fund new ventures in the aerospace and defense sectors, ...
