Open Offer15 Apr 2026, 10:25 am
Parth Avinash Vora sells 1,94,573 shares of Avi Products via Open Offer
AI Summary
Parth Avinash Vora, a promoter/promoter group member of Avi Products India Ltd, has disclosed the sale of 1,94,573 equity shares. This transaction was executed under an Open Offer through a Share Purchase Agreement on April 10, 2026. Prior to this sale, Mr. Vora held 5.88% of the company's total share capital, amounting to 1,94,573 shares. Following the sale, his holding in Avi Products India Ltd has been reduced to 0%. The total equity share capital of the company remains unchanged at ₹3,30,68,020, divided into 33,06,802 equity shares of face value ₹10 each. This disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter Parth Avinash Vora sold 1,94,573 equity shares.
- The shares were sold via an Open Offer on April 10, 2026.
- This transaction reduced his stake from 5.88% to 0%.
- The sale was disclosed under SEBI Takeover Regulations.