Announced Sat, 11 Jul · 16:59 IST

Rights Issue proceeds fully utilised: CARE report

AVANTEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.1%1-day move

₹180.40

prior close

₹186.49

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+4.8+5.0+3.2-0.9+0.1-2.1-4.0-5.9-4.6-8.8————

Up moveDown movePending

AI summary

CARE Ratings confirmed Avantel has fully utilised Rs 80.91 crore raised via its May 2025 Rights Issue. Funds went to a new manufacturing facility in Andhra Pradesh (Rs 53.85 cr), GSaaS infrastructure in Hyderabad (Rs 6.17 cr), general corporate purposes (Rs 19.94 cr), and issue expenses (Rs 0.95 cr). No deviation in amounts. The manufacturing and GSaaS projects were delayed by 80 days beyond the March 31, 2026 deadline, completing on June 19, 2026. Interest of Rs 0.53 cr earned on fixed deposits was moved to the CC account.

Likely market impact

All Rights Issue funds deployed as planned; minor project delays noted. Neutral for shareholders.