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The Economic Times
The Economic Times
Business

Promoters dilute 6% stake in Avalon Technologies for Rs 871 crore

Three promoter entities of Avalon Technologies pared their shareholding by 6 per cent for Rs 871 crore through separate bulk deals on Wednesday.

Bhaskar Srinivasan, KBS Family Trust and BBS Family Trust sold 13.36 lakh shares each, representing a combined 6 per cent stake in Chennai-based Avalon Technologies at prices ranging from Rs 2,171.03-2,173.35 apiece, according to BSE data.

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