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Galilei Holdings to acquire 12.36% stake in Ice Make Refrigeration and form JV · Endata

◂ Announcements

Jul 27, 2026ACQUISITIONMumbai, India

Galilei Holdings to acquire 12.36% stake in Ice Make Refrigeration and form JV

Japan's Galilei Holdings Co Ltd will invest Rs 180 crore ($18.7 million) to acquire a 12.36% stake in Ice Make Refrigeration Ltd and form a joint venture, Ice Make Horeca Pvt Ltd, to manufacture commercial refrigeration products in India. The JV will be 60% owned by Galilei and 40% by Ice Make.

Value

$18.7M (1.80B INR)

Status

Announced

Productscommercial upright and table-type refrigeratorsice makersmodular blast chillers

CompaniesIce Make Refrigeration Limited target Galilei Holdings Co. Ltd acquirer Ice Make Horeca Pvt Ltd partner

Sectors#HVAC and Industrial Refrigeration

“This marks a significant India-Japan partnership in the refrigeration and cold-chain space, supporting capacity expansion, technology enhancement, and long-term growth.”vccircle.com

1 source
vccircle.comJapan’s Galilei Holdings to acquire stake in Ice Make Refrigeration, form JVPrithvi DuraiJul 27, 2026

Summarized from public sources; check the original articles before acting on it.

More from Ice Make Refrigeration Limited

Jul 24, 2026INVESTMENTIndia$23.0M
Ice Make Refrigeration raises INR 1.9B and forms joint venture with Galilei Holdings
Ice Make Refrigeration Limited Galilei Holdings Co. Ltd investor tradealone.com
Jan 4, 2024NEW FACILITYDantali, Gandhinagar, Gujarat, India$132K
Ice Make Refrigeration to build PUF manufacturing plant in Gujarat
Ice Make Refrigeration Limited projxnews.com
Jul 20, 2023CONTRACTHaringhata, West Bengal, India$8.00M
Ice Make Refrigeration wins INR 65.48 Cr dairy project order from WBLDCL
Ice Make Refrigeration Limited West Bengal Livestock Development Corporation Limited customer deccanchronicle.com
Sep 24, 2022NEW FACILITYGujarat, India$6.25Mops 2024
Ice Make Refrigeration to set up greenfield manufacturing unit in Gujarat
Ice Make Refrigeration Limited newsdrum.in
Aug 23, 2019NEW FACILITYnear Ahmedabad (Bavla-Rajkot Highway), India
Ice Make Refrigeration launches greenfield PUF panel and commercial refrigeration plant near Ahmedabad
Ice Make Refrigeration Limited icemakeindia.com
May 2, 2019EXPANSIONDantali, Gandhinagar, Gujarat, Indiaops 2 May 2019
Ice Make Refrigeration commissions in-house coil manufacturing plant in Gandhinagar
Ice Make Refrigeration Limited equitybulls.com

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