Aion-Tech Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/05/2025 ,inter alia, to consider and approve To allot upto 1,76,79,770 ....
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Aion-Tech Solutions Ltd has called a Board meeting on May 12, 2025 to consider allotting up to 1.76 crore equity shares at Rs. 110 per share (Rs. 10 face value + Rs. 100 premium), aggregating up to Rs. 194.47 crore. These shares will be issued on a non-cash (swap) basis to the existing shareholders of ETO Motors Private Limited, indicating a likely acquisition deal. This is a stock-swap transaction rather than a fresh capital raise from the market.
Shareholders should note this is a share-swap-based acquisition of ETO Motors and will lead to equity dilution. Existing shareholders of Aion-Tech will see their holding reduce proportionally once the new shares are allotted. The deal signals expansion of the company's business through inorganic growth, with no cash outflow involved.