Avonmore Capital & Management Services Limited has informed the Exchange regarding 'Intimation of Completion of Acquisition of Excelling Geo & Engineering Consultant Private Limited'.
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Avonmore Capital & Management Services Limited has completed the acquisition of 100% stake in Excelling Geo & Engineering Consultant Private Limited (EGE Consultant Pvt. Ltd). The transaction was completed on April 13, 2026, following fulfillment of all conditions precedent as per the Share Purchase Agreement. With this completion, EGE Consultant Pvt. Ltd. has become a wholly owned subsidiary of the company. The company had earlier intimated about this acquisition on February 13, 2026 and April 10, 2026.
The acquisition adds a new wholly owned subsidiary to the company's portfolio, potentially expanding its business operations and revenue base. Shareholders may benefit from the combined entity's expanded capabilities.