Avalon Technologies Promoters Trim 6% Stake in Rs 871 Crore Bulk Deal
Three promoter entities of Avalon Technologies have sold a combined 6% stake in the company for about Rs 871 crore through bulk deals, reducing their holding from 44.39% to 38.4%. Kotak Mahindra Mutual Fund emerged as a buyer in the transaction, acquiring 24.01 lakh shares at roughly Rs 2,171 apiece, as the stock traded in a narrow band around the deal price.
