GENERAL29 Sept 2026
Avalon Technologies Block Deal: Promoters likely to sell up to 6% stake for ₹862 crore - CNBC TV18
Promoter groups of Avalon Technologies plan to sell up to 6% stake through a block deal worth about ₹862 crore. The price is set at ₹2,150–₹2,302 per share, with a 180-day lock-up on further sales. The stock closed at ₹2,340 on the BSE. For ordinary investors, the deal means a large chunk of promoter holding may change hands, so track the company's disclosures before acting.
Key Statutory Highlights
- Promoter groups Bhaskar Srinivasan, BBS Family Trust and KBS Family Trust are likely to sell up to 6% stake in Avalon Technologies.
- The block deal is valued at ₹861.9 crore, with an indicative price range of ₹2,150 to ₹2,302 per share.
- There is a 180-day lock-up on further share sales, and the stock ended at ₹2,340.00 on the BSE, up 1.37%.
Actionable Advice for Taxpayers / Founders:If you hold Avalon Technologies shares, watch the actual block deal disclosures and check them against your own investment plan before buying or selling. Don't act only on the news headline.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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