Aavas Financiers Limited has informed the Exchange regarding 'Disclosure under Regulation 7(2)(b) of SEBI (PIT) Regulations, 2015'.
AAVAS · price
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Awaiting price reaction for this filing.
Lake District Holdings Limited, a former promoter of Aavas Financiers that has been reclassified as a public shareholder under SEBI LODR rules, sold its entire stake of 1,23,46,641 equity shares (15.60% of total share capital) through an off-market transfer on June 30, 2025. The transaction value was approximately ₹2,018.68 crore, implying an effective price of around ₹1,635 per share. The buyer has not been named in the filing. The disclosure was made to the stock exchanges on July 1, 2025, as required under Regulation 7(2) of SEBI's Prohibition of Insider Trading Regulations. The sale effectively completes the exit of the former promoter entity from Aavas Financiers.
This is a large block deal by a former promoter entity, which removes a potential overhang on the stock. Since it was an off-market transfer, there is no immediate impact on stock price, but the acquired shares could enter the market later through the new holder. Investors should watch for any future disclosures identifying the buyer and any subsequent on-market sales.