Hyderabad, March 2 -- Avio Smart Market Stack Limited (ASMS) (formerly Bartronics India Limited) on Monday said it has signed a Share Subscription cum Shareholders' Agreement with Hyderabad-based Huwel Lifesciences pursuant to and in furtherance of the MoU signed between the parties in September last year.
The company indicated that this collaboration marks the beginning of its broader entry into healthcare and diagnostics-linked opportunities.
Under the agreement, Avio Smart Market Stack will acquire a minority stake in Huwel and collaborate on business development and project execution, the company said in a release here.
Under this structure, ASMS is contractually entitled to receive a defined share of the net project revenues arising...