The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikram Avinash Vora
Awaiting price reaction for this filing.
Mr. Vikram Avinash Vora, a member of the promoter group of Avi Products India Ltd, has sold his entire holding of 1,92,563 equity shares (5.82% of total share/voting capital) under an Open Offer through a Share Purchase Agreement. Before the transaction, he held 5.82% of the company; after the sale on April 10, 2026, his holding stands at 0%. The mode of sale is open market under an Open Offer via SPA, and the company's total equity share capital remains unchanged at Rs. 3,30,68,020 (33,06,802 shares of Rs. 10 each). This is a complete exit by this individual promoter group member.
This signals a full exit by a promoter group member, likely tied to a change in control or Open Offer event. Shareholders should monitor further disclosures from the acquirer and other promoter group members to assess changes in the overall promoter shareholding and control of the company.