Announced Tue, 27 Oct, 2026 · 10:47 IST
Acquirer group gains 64.60% stake through preferential allotment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Sudha Rani Avudari, Radha Krishna Avudari and Nagabhyru Srikanth were allotted 30,05,140 shares through a preferential issue on October 23, 2026, for a disclosed Rs 3 crore. Their combined holding rose from nil to 1,44,76,429 shares, or 64.60%. The filing says they are not promoter or promoter-group members.
Likely market impact
The buyer group now holds 64.60%, giving it majority control and potentially greater governance influence and stock-price volatility.