The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Infinium Motors Pvt Ltd & 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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Infinium Motors Private Limited (a promoter-group entity) acquired 6,02,29,500 equity shares (1.72%) of AvenuesAI Limited from promoters Mr. Ajit Champaklal Mehta and Ms. Jayshreeben Ajitbhai Mehta via an off-market inter-se transfer on March 18, 2026. Infinium Motors' individual holding rose from 7.63% to 9.35%, while the selling promoters' holdings dropped by an equivalent amount. Critically, the aggregate promoter and promoter-group shareholding in AvenuesAI remained unchanged at 27.29% (95,40,10,982 shares), as this was purely a reshuffle of shares among related promoter entities. The disclosure was filed under SEBI's Takeover Regulations to formally report the transaction.
This is an internal reshuffle within the promoter family and has no impact on overall promoter control or aggregate shareholding. Shareholders should not perceive this as a buyback, dilution, or change in management control. The stock price is unlikely to react materially, though Infinium Motors' individual stake now approaches the 10% mark.