Avio Smart Market Stack Revises Investment in Huwel Lifesciences, Acquiring 2.06% Stake
Avio Smart Market Stack Limited has updated its investment disclosure regarding M/s Huwel Lifesciences Private Limited, confirming a significant increased investment that resulted in the company acquiring a stake in the lifescience firm.The Company confirmed a further investment in Huwel amounting to INR 7,50,00,400/- (Indian Rupees Seven Crore Fifty Lakhs Four Hundred Only). This amount represents an increase from the previously disclosed figure of INR 4,00,00,000 (Indian Rupees Four Crore Only).
Following this investment, Avio Smart Market Stack acquired 2.06% of the paid-up equity share capital of Huwel. The acquisition has been completed and was conducted on an arm’s length basis.
The details surrounding the transaction and the target entity are summarized below:
| Particulars | Details |
|---|---|
| Target Entity Name | M/s Huwel Lifesciences Private Limited ('Huwel') |
| Industry | Lifescience and Health |
| Objects of Acquisition | To derive operational and financial synergies. |
| Acquisition Status | Completed (Acquisition has been completed) |
| Consideration Details | INR 7,50,00,400/- in cash. |
| Shareholding Acquired | 2.06% of the paid-up equity share capital of Huwel. |
| Cost/Price at Acquisition | The Company acquired 9665 equity shares at a price of INR 7760/- per share, including a premium of INR 7750/- per share. |
Profile of Huwel Lifesciences Private Limited
Huwel is a private company that was incorporated on February 10, 2015. The entity focuses on the development, manufacturing, and supply of molecular diagnostic kits, medical devices, and in-vitro diagnostic solutions. Huwel serves hospitals, laboratories, and research institutions by providing products essential for disease detection and healthcare testing.
The turnover of Huwel over the last few years has shown steady growth:
| Financial Year | Turnover |
|---|---|
| 2022-23 | 12.11 Cr. |
| 2023-24 | 4.94 Cr. |
| 2024-25 | 15.74 Cr. |
Huwel is based in Patancheru, Telangana, India. The acquisition is noted to not fall within the ambit of related party transactions, with the promoter/promoter group having no interest in the target entity.
ASMS Stock Price Movement
Today, Avio Smart Market Stack Limited edged higher, settling at ₹7.16 after gaining 1.13%. The stock saw a traded volume of 137,321 shares in the post-market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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