The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Avinash Vora
Awaiting price reaction for this filing.
Promoter Mr. Avinash Dhirajlal Vora sold his entire holding of 2,38,615 equity shares (7.22% of total share capital) of Avi Products India Limited under an Open Offer through a Share Purchase Agreement. The transaction was executed on April 10, 2026, and the disclosure was filed on April 14, 2026. Before the sale, the promoter held 2,38,615 shares carrying voting rights. After the sale, his holding has reduced to zero, meaning he has completely exited the company as a shareholder. The mode of acquisition is listed as "Sale under Open Offer through Sale purchase agreement."
This is a complete promoter exit, reducing promoter holding to 0%. Such a full divestment by a promoter typically signals loss of confidence or strategic withdrawal, which is negative for shareholder sentiment.