Avance Technologies Ltd to acquire Checkers India Technology Pvt Ltd

The Board of Directors of Avance Technologies Limited, at its meeting held today, i.e., Wednesday, July 16, 2025, at the Registered Office of the Company, has, considered and approved entering into a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited.

Avance Technologies Limited ("the Company") has executed a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited, www.Excess2Sell.com, a leading techenabled B2B inventory liquidation marketplace in India.

The proposed acquisition is subject to the completion of due diligence, negotiation of definitive agreements, and receipt of necessary regulatory and other approvals as may be required.

This strategic move marks Avance Technologies' entry into the high-potential, underpenetrated overstock Inventory liquidation space, aimed at resolving one of the retail industry's most pressing challenges-unsold inventory.

Source : Equity Bulls

Keywords

AvanceTechnologies Acquisition CheckersIndiaTechnology Excess2Sell