Avudari shares allotted for SVR Electro Projects acquisition
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On October 23, 2026, Avudari Engineering issued 1,94,07,666 shares at Rs 15 each, worth Rs 29.11 crore. Of these, 1,45,41,000 shares were issued in exchange for 100% of SVR Electro Projects, worth Rs 21.81 crore; 48,66,666 shares were issued for cash. SVR's FY2025-26 turnover was Rs 73.66 crore. SVR provides facility, manpower, security and toll services, plus power and renewable projects. An ongoing open offer is expected to bring new promoters.
The acquisition may support growth, but the 1.94 crore share issue dilutes existing holders. The open offer may add short-term volatility.