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.