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Bondada Engineering gets nod to acquire 60% stake in Atpole Technologies

30 Dec 2023 Evaluate

Bondada Engineering has received approval for acquisition of substantial stake of 60% in the paid up equity share capital of Atpole Technologies (ATPOLE). Consequent to the acquisition upto 60% of equity stake by the company, ATPOLE will become subsidiary Company of Bondada Engineering. The Board of Director of the company at their meeting held on December 29, 2023 has approved the same. 

The acquisition will help the company in its foray into the Renewable Energy space as Atpole Technologies is a leading manufacturer of advanced torque motors and controllers for EV 2&3 Wheelers, Drones, Defence and Industrial application motors. Post this acquisition the company is planning to rapidly increase its print in BLDC motor business segment by serving all electric vehicle manufacturing companies by synergizing with its existing businesses. With this acquisition the Company would head towards conservation of energy and thereby achieving its green energy goals. 

Bondada Engineering is engaged in the business of providing engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to its pan India customers operating in telecom and solar energy industry.


Bondada Engineering Share Price

326.65 -0.40 (-0.12%)
10-Apr-2026 16:59 View Price Chart
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