Avantel Acquisition

Management Change

Avantel Management Change

Avantel appointed Mr. Nimmagadda Sreenivasa Rao as Executive Director for 36 months, effective 26 October 2026. He previously led the company's R&D as VP-Technical.

Merger & Restructuring

Avantel Merger & Restructuring

Avantel's board approved merging wholly-owned subsidiary Imeds Global into the parent, subject to NCLT sanction. A Technical Director was also appointed for three years.

Financial Results

Avantel Q2 FY27 Results: Net Profit ₹6.8 Cr, Up 58.1% YoY

Avantel Ltd reported revenue from operations of ₹74.4 Cr (+34.3% YoY) and net profit of ₹6.8 Cr (+58.1% YoY) for Q2 FY27.

Key figure

Net profit ₹6.8 Cr · +58.1% YoY

Annual General Meeting

Avantel Annual General Meeting

Avantel's shareholders passed the special resolution to alter the MOA objects clause via postal ballot. The result was approved with 99.98% of votes cast in favour.

Other Announcement

Avantel Other Announcement

Avantel Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026. The filing notes an increase in equity shares due to ESOP exercises.

New Order Win

Avantel Bags ₹12.04 Cr Order from Larsen & Toubro Limited

Avantel Ltd has secured a Rs.12.04 Crore purchase order from Larsen & Toubro for comprehensive annual maintenance of Satcom equipment, with execution by October 2028.

Value

₹12.04 Cr

From

Larsen & Toubro Limited

Execution

October 2028

AcquisitionEmkay Global Financial Services Ltd EMKAY

Emkay Global Financial Services Acquisition Worth ₹21.38 Cr

Emkay Capital, a subsidiary, will acquire Emkay Investment Managers for Rs.21.38 Crore cash. The related-party deal is at arm's length and payable in tranches.

Value

₹21.38 Cr

Execution

90 days

AcquisitionTVS Motor Company Ltd TVSMOTOR

TVS Motor Company Acquisition Worth ₹25,000 Cr

TVS Motor will acquire 100% of Harita ARC Limited, a related-party shell, for a stated Rs 25,000 Crore. It supports the proposed consumer finance demerger.

Value

₹25,000 Cr

AcquisitionRite Zone Chemcon India Ltd RITEZONE

Rite Zone Chemcon India Acquisition Worth ₹4.97 Cr

Rite Zone Chemcon's board approved acquiring 51% of Cleanux Green Solution via share swap for about INR 4.97 Crore. The board also approved preferential issues and an EGM on 23 November 2026.

Value

₹4.97 Cr

AcquisitioneClerx Services Ltd ECLERX

eClerx Services Acquisition Worth ₹15.57 Cr

eClerx's board approved buying about 2% of Personiv Eclipse Inc. from its wholly owned subsidiary eClerx LLC for USD 1.64 million. The intra-group transfer adds no change to aggregate ownership.

Value

₹15.57 Cr

Execution

1 Month

AcquisitionFortis Healthcare Ltd FORTIS

Fortis Healthcare Acquisition Worth ₹277 Cr

Fortis Healthcare's wholly-owned subsidiary IHL acquired Suguna Hospital's business and land in Bengaluru via slump sale. The cumulative consideration is approximately INR 277 Crore, consummated today.

Value

₹277.0 Cr

AcquisitionAuthum Investment & Infrastructure Ltd AIIL

Authum Investment & Infrastructure Acquisition

NCLT approved the consortium resolution plan for A A Estates Private Limited, with Authum as a resolution applicant. No consideration amount is disclosed.