Nimbus Ventures entered into an agreement to acquire Precision Grinding & Finishing (PG&F) Business from 3M India Limited (BSE:523395) on September 30, 2025. On March 30, 2026, it was announced that the transaction is expected to close April 1, 2026, 3M India Limited will not be able to continue PG&F operations in India after the closing.
For the period ending March 31, 2025, Precision Grinding & Finishing (PG&F) Business of 3M India Limited reported total revenue of INR 260 million.
The transaction is expected to close in the first half of calendar year 2026, subject to customary closing conditions.
3M India Limited is an India-based company, which manages its operations through four segments: Safety & Industrial; Transportation & Electronics; Consumer and Health Care. The Safety & Industrial segment's products include vinyl, polyester, foil and specialty industrial tapes and adhesives, scotch filament tape and decorative graphics, and others. Health care segment's products include medical and surgical supplies, medical devices, and skin and wound care. The Transportation & Electronics segment's products include personal protection products, brand and asset protection solutions and border control products. This segment also includes the graphics business. The Consumer segment includes products, such as Scotch brand, addressing the home and office tapes, adhesives, and packaging protection platforms, among others. Its brands include Command, Littmann, Nexcare, Post-it, Scotch-Brite and Scotch. The Company has manufacturing facilities in India at Ahmedabad, Bengaluru and Pune.
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