The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mansukh Patel
Awaiting price reaction for this filing.
Mansukh Patel, a member of the promoter group of AVI Polymers Ltd, has sold his entire holding of 8,000 equity shares (0.2% of the company's total share capital) through an off-market transfer on 3 June 2025. After this sale, his shareholding stands at 0%, down from 0.2% earlier. The company has a total equity share capital of Rs. 4.09 crore, comprising 40,90,700 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, as required for promoter share sale disclosures to the stock exchange.
The stake sold is very small (0.2%) and the off-market nature suggests a private transaction, possibly to a related party or another promoter entity, rather than a market-driven exit. This is unlikely to have any meaningful impact on the stock price or overall promoter holding of the company.