Avalon Tec..." /> Business News: news today business
30 Apr, EOD - Indian

SENSEX 80242.24 (-0.06)

Nifty 50 24334.2 (-0.01)

Nifty Bank 55087.15 (-0.55)

Nifty IT 35794.95 (-0.35)

Nifty Midcap 100 54124.9 (-0.85)

Nifty Next 50 64508.85 (-0.59)

Nifty Pharma 21772.45 (0.44)

Nifty Smallcap 100 16448.85 (-1.73)

30 Apr, EOD - Global

NIKKEI 225 36705.53 (0.69)

HANG SENG 22410.07 (1.31)

S&P 5674.25 (0.69)


Corporate News

You are Here : Home > News > Corporate News >

(10 Apr 2025, 12:54)

Board of Avalon Technologies approves investment in Zepco Technologies

At meeting held on 10 April 2025


The Board of  Avalon Technologies at its meeting held today, i.e., 10 April 2025, has considered and approved the proposal to invest in Zepco Technologies (Zepco), subject to compliance with the applicable laws, statutory approvals, consents and permissions as may be required.

Zepco is engaged in the business of design, development, manufacturing, and marketing of motors, motor drives and controllers, power solutions, for various industries including drones, electric vehicles and defence.

Avalon and Zepco propose a collaboration that includes a financial investment by Avalon and a business partnership to utilize Zepco's technology and design expertise. The collaboration will combine Avalon's experience with Zepco's capabilities to explore new opportunities, develop manufacturing capabilities, and build customer relationships.

Avalon is proposing to invest in Zepco by subscribing to Equity Shares and Compulsorily Convertible Preference Shares (CCPS) at a price of Rs 306.55  per security, inclusive of premium, with a face value of Rs 10.

Post investment, Avalon shall hold 4.05% of the fully diluted paid up capital of Zepco.


More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +