Avantel Limited has informed the Exchange regarding 'Disclosure under Regulation 95(1) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018'.
AVANTEL · price
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Awaiting price reaction for this filing.
Avantel Limited has disclosed share sale transactions by its promoters carried out on May 6, 2025, under SEBI's Issue of Capital and Disclosure Requirements Regulations. Three promoters sold a combined total of 13,17,013 equity shares: Mrs. Sarada Abburi sold 4,50,000 shares, Mrs. Sailaja Abburi sold 4,50,000 shares, and Mr. Abburi Siddhartha Sagar sold 4,17,013 shares. The company filed this disclosure with both BSE and NSE on May 7, 2025, through its Company Secretary & Compliance Officer.
Promoter stake sale is typically viewed as a cautious signal by retail investors, as it can suggest insiders reducing their exposure. The combined sale of over 13 lakh shares by three promoters may exert short-term pressure on the stock, though the overall impact depends on the size of their remaining holdings and the price at which the shares were sold.