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Promoter Bhaskar Srinivasan and family trusts sold a combined 6.00% stake in Avalon Technologies on September 30, 2026. Each entity sold exactly 13,36,235 shares (2.00%) via block deals, reducing total promoter holding to 9.42%. Disclosure filed under SEBI Reg 29(2) confirms no encumbrances or convertible securities…
Avalon Technologies shares sharply on Wednesday after an Rs 883 crore block deal involving 6.06% of the companys equity. Three promoter entities were reported to be the likely sellers. The transaction is estimated to be worth between Rs 861.9 crore and Rs 922 crore.