Announced Mon, 26 Oct, 2026 · 18:02 IST
Allotment raises Nagabhyru Srikanth and PACs to 64.60% stake
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
Nagabhyru Srikanth, acting for himself and two PACs, was allotted 727,050 Avudari Engineering shares at face value of Rs 10 each for Rs 22.407 crore. The allotment raised the group's combined holding from zero to 14,476,429 shares, or 64.60% of voting rights. The filing states that the group is not part of the promoter group.
Likely market impact
The allotment gives the buyer group majority voting control and dilutes existing shareholders; the filing states they are not promoters.