Avonmore Capital Completes Agreement to Acquire 100% Stake in EGE Consultant Pvt. Ltd.
Avonmore Capital & Management Services Ltd has entered into a Share Purchase Agreement (SPA) dated April 10, 2026, for the acquisition of a 100% stake in Excelling Geo & Engineering Consultant Private Limited (EGE Consultant Pvt. Ltd).The acquisition of EGE Consultant Pvt. Ltd., which will subsequently become a wholly owned subsidiary of Avonmore Capital, is contingent upon the satisfaction of certain conditions precedent outlined in the SPA.
Details regarding the transaction reveal that the purpose of the agreement is the acquisition of the 100% stake, thereby making EGE Consultant Pvt. Ltd. a wholly owned subsidiary. Prior to this acquisition, Avonmore Capital had Nil Shareholding in the entity.
The agreement is being executed with EGE Consultant Pvt. Ltd. In terms of relationship details, none of the promoter or promoter group or group companies of Avonmore Capital have any interest in EGE Consultant Pvt. Ltd., except for Mr. Amitabh Sharan, who serves as a Director of EGE Consultant Pvt. Ltd. and is also a Director at Almondz Global Infra-Consultant Limited, which is a step down subsidiary.
The transaction is classified as a related party transaction because EGE Consultant Pvt. Ltd. falls under the category of a subsidiary company. Avonmore Capital reported that the transaction is at arm's length, noting that approval for the Related Party Transaction (RPT) has been obtained from the Audit and Board.
The SPA specifies that there are no special rights involved post-acquisition, as EGE Consultant Pvt. Ltd. will become a wholly owned subsidiary. Furthermore, the agreement noted that there are no details concerning an issue price or class of shares issued, as this aspect was not applicable.
AVONMORE Stock Price Movement
Shares of Avonmore Capital & Management Services Limited are edging higher to ₹12.1 as of 2:48 PM, rallying 1.77% in live trading. The equity continues to see movement on a volume of 100,542 shares, trading between ₹12.0 and ₹12.35 today.Source:
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