Avonmore Capital & Management Services Limited has informed the Exchange about General Updates
AVONMORE · price
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Avonmore Capital & Management Services has acquired a 20.85% stake in its step-down subsidiary, Almondz Global Infra-Consultant Limited (AGICL), by converting an outstanding loan into equity. The company received 33,19,318 equity shares of Rs. 10 face value at Rs. 45.19 per share on August 1, 2025. No cash was paid — the entire consideration came from converting debt owed by AGICL into equity. AGICL, an ISO-certified infrastructure advisory firm in roads, metro rail, airports, and urban infrastructure, reported a turnover of Rs. 11,482.96 lacs in FY25, up from Rs. 7,337.23 lacs in FY24. The investment is part of the company's Rights Issue completed in January 2025 and is being done at arm's length as AGICL is a related party.
This is an internal group restructuring that converts debt into equity rather than bringing in new capital or changing the group's overall exposure. Shareholders are unlikely to see a meaningful change in the company's fundamental value, though it strengthens the parent's direct ownership in its infra-advisory subsidiary and cleans up AGICL's balance sheet.