The Board of Aion-Tech Solutions Limited has approved an increase in authorized share capital from ₹50 crore to ₹80 crore, enabling the acquisition of a 54.34% stake in ETO Motors Private Limited through a share swap.

Up to 1,76,79,770 equity shares will be issued at ₹110 each (including a ₹100 premium) to facilitate this swap.

This move aligns with the company's strategy to enhance its footprint in the electric mobility sector.

An extraordinary general meeting is scheduled for March 10, 2025, for shareholder approval of these actions.