SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

MIC Electronics acquires 51% stake in AVNI Energy Solutions

12 Oct 2010 Evaluate

MIC Electronics , a global leader in design, development and manufacturing of LED Lighting and LED Displays systems has entered into an MoU to subscribe the equity capital of Avni Energy Solutions Pvt Ltd to acquire a 51 per cent stake in the company. 

Avni is a Bangalore-based company manufacturing solid state LED Lighting systems for rural and commercial markets at Tirupati in the state of Andhra Pradesh. With this acquisition, MIC's manufacturing capacity would increase, and it also would acquire valuable customer base and people resources. MIC plans to use the facility to improve its presence and services in the southern states and also have an exclusive set up to cater the rural and urban markets with different LED lighting products

crackcrack

MIC Electronics Share Price

42.75 0.88 (2.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1305.85
Siemens 3706.55
Apar Inds 11474.15
ABB India 7029.95
Waaree Energies 3471.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×