Promoters Sell 6% Stake in Avalon Technologies for Rs 871 Crore
Avalon Technologies' promoters sold a combined 6% stake worth Rs 871 crore through bulk deals, reducing their ownership from 44.39% to 38.4%. Kotak Mahindra Mutual Fund acquired 24.01 lakh shares at around Rs 2,171 each. Share prices during the deal ranged between Rs 2,171.03 and Rs 2,173.35, while Avalon Technologies closed at Rs 2,294.
ET Markets·2h ago