Acquiring Company
PPAP Automotive
Acquired Company
Avinya Batteries Limited
Description
PPAP Automotive has scheduled a meeting to approve the merger with its subsidiary, Avinya Batteries Limited. This amalgamation aims to reduce costs and improve profitability by consolidating operations. The merger will effectively cancel Avinya's share capital and integrate its assets and liabilities into PPAP Automotive. Stakeholders will vote on the scheme on September 30, 2026.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Avinya Batteries Limited?
Avinya Batteries Limited was acquired by PPAP Automotive, based in New Delhi. The deal was reported on August 29, 2026. PPAP Automotive manufactures sealing systems and injection-moulded products for the automotive sector. The company aims to consolidate operations through the merger to enhance financial management. PPAP Automotive is privately held and operates in Manufacturing.
When did PPAP Automotive acquire Avinya Batteries Limited?
PPAP Automotive's acquisition of Avinya Batteries Limited was reported on August 29, 2026. PPAP Automotive has scheduled a meeting to approve the merger with its subsidiary, Avinya Batteries Limited. This amalgamation aims to reduce costs and improve profitability by consolidating operations. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Avinya Batteries Limited do?
Avinya Batteries Limited specializes in manufacturing lithium-ion battery pack solutions for two-wheeler and three-wheeler industries. The company has faced financial challenges, reporting losses in recent years. It is privately held, operating in Manufacturing, and is based in Karnataka.
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