General Updates

Avonmore Capital has increased its stake in step-down subsidiary Almondz Global Infra-Consultant (AGICL) by 20.85%. This strategic move, part of its January 2025 Rights Issue plan, involved converting an outstanding loan into equity, totaling approximately Rs. 15 Cr.

AGICL, an infrastructure advisory firm, reported robust growth with turnover reaching Rs. 114.83 Cr in FY25, up from Rs. 40.15 Cr in FY23. This strengthens Avonmore's position in the high-growth infrastructure sector.