Avalon Tech Slumps 6% After Rs 883 Crore Block Deal, Promoter Entities Seen as Sellers
Avalon Technologies shares fell sharply on Wednesday after a large block deal involving 6.06% of the companyโs equity, with market participants identifying three promoter entities as the likely sellers. The transaction, estimated at between Rs 861.9 crore and Rs 922 crore, has intensified investor focus on promoter ownership changes and near-term supply pressure in the stock.
