The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dr Abburi Vidyasagar & Others
AVANTEL · price
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Awaiting price reaction for this filing.
Avantel Limited's promoter group (the Abburi family and Lakshmee Foundation) filed a revised SAST disclosure covering transactions from May 29 to June 9, 2025, triggered by a rights issue that raised the equity base from Rs.48.95 crore to Rs.52.99 crore. Dr. Abburi Vidyasagar added 60 lakh shares (stake now 16.98%), while Mr. Abburi Siddhartha Sagar and Ms. Abburi Sailaja subscribed to the rights issue and also made small open market sales, netting increases of 11.20 lakh and 7.94 lakh shares respectively. Smt. Abburi Sarada sold 4.5 lakh shares (now 5.52%), and M/s. Lakshmee Foundation exited entirely by selling all 36 lakh shares (1.36%). In absolute terms the promoter group added about 40.46 lakh shares, but as a percentage of the enlarged capital their combined holding fell from 38.80% to 37.15% due to dilution from the rights issue.
Promoters meaningfully participated in the rights issue, signalling confidence in the business, but the overall promoter stake slipped by over 1.5 percentage points and one promoter-group entity fully exited, which minority investors may watch closely for any further unwinding.