Avio Smart Market Stack Revises Huwel Investment to ₹7.5 Cr

Avio Smart Market Stack Ltd has revised its earlier disclosure regarding its investment in Huwel Lifesciences Private Limited. The company has increased its further investment in Huwel to INR 7,50,00,400 (approx. ₹7.5 Cr), up from the previously stated INR 4,00,00,000 (approx. ₹4 Cr). This revised investment has resulted in Avio Smart Market Stack acquiring 2.06% of Huwel's paid-up equity share capital. The acquisition is at arm's length, does not involve related parties, and aims to derive operational and financial synergies. Huwel Lifesciences is involved in the development, manufacturing, and supply of molecular diagnostic kits and medical devices.