Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

MIC Electronics acquires 51% stake in AVNI Energy Solutions

12 Oct 2010

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
Related MIC Electronics Ltd. Links:

MIC Electronics Share Price

1.32 0.00 (0.00%) Jun 21, 18:01
1 Year Price Chart
Peers
Company Name CMP
Siemens 2261.40
Havells India 1473.95
Apar Inds 697.85
ABB India 1819.75
CG Power & Indl.Soln 118.55
View more..
Sensex vs MIC Electronics
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback