Acquired 20.48% stake in Shree Naganarasimha for Rs 1 Cr
ASMS · price
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Bartronics India (now renamed Avio Smart Market Stack) has invested Rs 1 Crore in Shree Naganarasimha Private Limited (SNN) for a 20.48% stake at Rs 2,882 per share. SNN is an agro & food products firm incorporated in Dec 2022 in Bangalore, with turnover growing from Rs 1.39 Cr (FY23) to Rs 4.94 Cr (FY24) to Rs 11.48 Cr (FY25). The deal is a related party transaction done at arm's length in cash, with remaining tranches to follow per the Shareholders' Agreement.
Minor strategic, related-party investment in a small, fast-growing agro-food startup. Diversification signal, but limited near-term financial impact on the listed entity.