India, May 7 -- Indus Holding AG (INHG), a private equity firm specializing in mergers and acquisitions and corporate spin-offs, announced that it lowered its forecast for sales, adjusted EBITA, and adjusted EBITA margin for the 2025 financial year. The revision is primarily driven by lower expectations from INDUS portfolio companies, particularly in the Materials Solutions segment, following disruptions caused by U.S. customs policy changes on April 2, 2025.
Additionally, in February 2025, China expanded export controls on tungsten and tungsten compounds, which directly affects INDUS Group's portfolio company BETEK, a major processor of tungsten-containing primary products from China. Since the policy shift, obtaining export licenses has ...