The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Parth Avinash Vora
Awaiting price reaction for this filing.
Mr. Parth Avinash Vora, identified as a promoter of Avi Products India Ltd, has sold his entire shareholding of 1,94,573 equity shares representing 5.88% of the company's total share capital. The transaction was executed on April 10, 2026 under an Open Offer through a Share Purchase Agreement. After this sale, Mr. Vora's holding has reduced to 0% from his previous 5.88% stake. The company's total share capital remains unchanged at Rs. 3,30,68,020/- divided into 33,06,802 equity shares of Rs. 10/- each. This appears to be part of a larger Open Offer process.
A promoter has completely exited the company, reducing the promoter group holding. This significant change in shareholding structure should be monitored by investors for further developments regarding the Open Offer acquirer and any implications for company control.