Avalon Technologies Limited has informed the Exchange about Update on Investment
AVALON · price
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Avalon Technologies has completed its investment in Zepco Technologies Private Limited by receiving an allotment of equity shares and compulsorily convertible preference shares (CCPS) at INR 306.55 per security (face value INR 10). After the allotment, Avalon holds a 4.05% stake in Zepco on a fully diluted basis. The Share Subscription Agreement between the two companies has now been fully consummated, following the initial intimation made on April 10, 2025.
This is a minority strategic investment completion with no immediate material impact on Avalon's financials, but it signals the company's intent to build a stake in Zepco. Shareholders should monitor any further investments or business collaborations between the two companies.