The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varini Patel & PACs
CCAVENUE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Varini Patel along with Persons Acting in Concert (PACs) has disclosed a sale of 9,00,00,000 equity shares (2.57% of total share capital) of AvenuesAI Limited via off-market transactions between March 25 and March 27, 2026. The selling group does not belong to the promoter/promoter group of the company. Post-sale, their combined holding stands reduced from 14.72% (51,45,80,591 shares) to 12.14% (42,45,80,591 shares). Break-up: Varini Patel sold 8,00,00,000 shares (her stake fell from 2.36% to 0.07%), and Vivek Patel (PAC) sold 1,00,00,000 shares (his stake fell from 1.40% to 1.11%). Vishwas Patel (PAC) made no change and continues to hold 10.96%.
A large non-promoter shareholder group has trimmed its stake by over a quarter through off-market deals, which may be perceived as a negative signal regarding near-term conviction in the stock. Retail investors should note the drop in combined holding and monitor whether further sales follow from this group.