Avalon denies media reports on promoter stake sale

Avalon denies media reports on promoter stake sale. The company issued a clarification on September 30, 2026, refuting reports about a proposed stake sale by promoter Bhaskar Srinivasan. It stated no discussions or plans are underway for any change in shareholding. The stock reacted with +4.2% intraday on the news.
📊 STOCKS: $AVALON | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #StakeSale