Avalon Technologies JV with Zollner Elektronik for India EMS platform

Marquee JV announcedStrategic Transactions View source PDF Explain this filing

AVALON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.3%Reaction day

₹2259.90

prior close

₹2320.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.7%-4.0% vs market

Other Electrical Equipment peers, median of 56sector+0.6%-3.9% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.9 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

+0.8

15m

-0.7

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3+0.7-4.0+0.6-3.9

Next day

+3.8+1.1+2.7+0.0+3.8

+1.1+1.6-0.5-0.0+1.1

+1.1+1.5-0.4-0.5+1.6

-1.2+1.3-2.5-1.0-0.2

+1.3+1.4-0.1-0.8+2.1

+0.0-2.1+2.1-2.8+2.8

15d

+2.5-0.9+3.4-2.2+4.7

+0.9-1.4+2.3-5.0+5.9

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 56Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Avalon Technologies signed a Joint Venture Agreement with Zollner Elektronik AG, a leading European EMS company, to form Zollner Avalon Private Limited. The JV will offer PCBA, box-build and system integration services from India. Zollner will hold 51% and Avalon 49%. The entity starts as Avalon's wholly owned subsidiary before Zollner subscribes to 51%. Avalon has a call option to later raise stake to 51%. Manufacturing is restricted to India.

Likely market impact

JV with European EMS player Zollner expands Avalon's India footprint. Avalon holds 49% initially with option to raise to 51% later. Positive for growth.