Shareholding1 Oct 2026, 12:18 pm
Bhaskar Srinivasan Sells 6.00% Stake in Avalon Technologies
AI Summary
Bhaskar Srinivasan, along with BBS Family Trust and KBS Family Trust, has sold a total of 40,08,705 equity shares, representing 6.00% of the total share capital in Avalon Technologies Limited. The sale was conducted via the Block Deal Mechanism on the stock exchange. Following the transaction, Bhaskar Srinivasan's individual holding reduced from 9.38% to 7.38%, while the Trusts' combined holding decreased from 6.04% to 2.04%. The total promoter group holding has consequently reduced.
Key Highlights
- Promoter group sold 6.00% stake in Avalon Technologies.
- Bhaskar Srinivasan and associated trusts were the sellers.
- Transaction was executed via Block Deal Mechanism.
- Individual promoter holding reduced significantly post-sale.
- Total promoter group shareholding has decreased.
Price Impact
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