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


MIC Electronics Share Price

11.28 0.09 (0.80%)
01-Dec-2022 18:01 View Price Chart
Company Name CMP
Havells India 1250.15
Siemens 2776.55
Apar Inds 1556.95
ABB India 2990.65
CG Power & Indl.Soln 279.20
View more..