Avio Smart Market Stack Acquires Stake in Huwel Lifesciences for Operational Synergy
Avio Smart Market Stack Limited, formerly Bartronics India Limited, has announced a further investment in Huwel Lifesciences Private Limited. The company's latest transaction involves an investment amounting to INR 4,00,00,000/- (Indian Rupees Four Crore Only) in Huwel.Through this investment, Avio Smart Market Stack will acquire 5,154 equity shares of Huwel at a price of INR 7760/- per share. This acquisition represents 1.11% of the paid-up equity share capital of Huwel.
The acquisition targets operational and financial synergies between the two entities. Huwel Lifesciences Private Limited is a private company engaged in the development, manufacturing, and supply of molecular diagnostic kits, medical devices, and in-vitro diagnostic solutions, serving hospitals, laboratories, and research institutions for disease detection and healthcare testing.
Details regarding the acquisition are summarized below:
| Particulars | Details |
|---|---|
| Name of the target entity | M/s Huwel Lifesciences Private Limited ('Huwel') |
| Industry | Lifescience and Health |
| Consideration Details | INR 4,00,00,000/- (Indian Rupees Four Crore Only) |
| Mode of Consideration | Cash |
| Percentage of Shareholding Acquired | 1.11% of the paid-up equity share capital of Huwel |
| Cost per Share | INR 7760/- (including a premium of INR 7750/- per share) |
The investment is not noted to fall within the ambit of related party transactions, as the promoter/promoter group/group companies do not have an interest in the target entity. The transaction is structured to be at arm's length basis.
Huwel Lifesciences Private Limited was incorporated on 10/02/2015 and is located in Patancheru, Telangana, India. The company's turnover for the last three fiscal years shows the following figures:
| Fiscal Year | Turnover |
|---|---|
| 2022-23 | 12.11 Cr |
| 2023-24 | 4.94 Cr |
| 2024-25 | 15.74 Cr |
The company noted that while another tranche has been completed, the remaining tranches for this acquisition will be finalized in accordance with the terms and conditions specified in the Shareholders' Agreement.
Stock Price Movement
At 9:10 AM pre-open, Bartronics India Ltd shares are ticking up to ₹8.50, gaining 4.29% for the session. The stock has been showing movement today, trading within a range established between ₹8.08 and ₹8.49.Source:
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