The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajit Champaklal Mehta & PACs
CCAVENUE · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.3 pts less than its Financial Technology (Fintech) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters Ajit Champaklal Mehta and Jayshreeben Ajitbhai Mehta sold a combined 6,02,29,500 equity shares (1.72% of paid-up capital) of AvenuesAI Ltd on March 18, 2026 through an off-market inter-se transfer. The buyer is Infinium Motors Private Limited, another promoter group entity, which saw its stake rise from 7.63% to 9.35%. As both sellers and the acquirer belong to the promoter and promoter group, the aggregate promoter group holding remains unchanged at 27.29% (95,40,10,982 shares). The disclosure is filed pursuant to SEBI Takeover Regulations and involves no change in the overall promoter ownership of the company.
This is a reshuffling of shares within the promoter family rather than a real change in promoter ownership, so there is no impact on the total promoter holding or control of the company. Retail investors should view this as neutral for the stock, though it may indicate internal estate or business restructuring among the promoter entities.