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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. This transaction fetched Rs 870.61 crore from the stake sale. The sale reduced the combined holding of promoters and promoter group to 38.4 per cent from 44.39 per cent. Meanwhile, Kotak Mahindra Mutual Fund bought 24.01 lakh shares, or 3.59 per cent, in electronic manufacturing services firm Avalon Technologies, at an average price of Rs 2,171 per share, valuing the transaction at Rs 521.38 crore. The other buyers of the promoter-sold shares could not be identified from the exchange data. Avalon Technologies shares closed 0.49 per cent lower at Rs 2,294.50 apiece on the BSE. Separately, global investment firm TPG's arm Newquest Asia Fund IV (Singapore) Pte sold 40 lakh shares, or 0.68 per cent stake in logistics firm Shadowfax Technologies for nearly Rs 113.61 crore through an open market transaction. The shares were sold at Rs 284.03 apiece, taking Newquest's holding to 10.85 per cent from 11.53 per cent. TPG's arm will, however, continue to be the largest public shareholder. Shadowfax Technologies shares ended marginally lower at Rs 280.50 apiece on the BSE. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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