Financial action taken towards a ₹303 crore block deal in Avalon Technologies
**Trilegal Advises on Block Trade of Equity Shares in Avalon Technologies Limited**
Trilegal, a reputable law firm, has been announced as the advisor for a significant block trade of equity shares in Avalon Technologies Limited. The transaction, valued at ₹303 crore (INR 3,030 million), involved a promoter sell-down in the secondary market on the stock exchange floor.
The key team members from Trilegal who worked on this deal were led by Harsh Maggon (Partner) for the Corporate team and Richa Choudhary (Partner) and Murtaza Zoomkawala (Partner) for the Capital Markets team. The Corporate team also included Ritika Dhabaria (Senior Associate) and Aman Jha (Associate), while the Capital Markets team was supported by Avanti Kale (Counsel) and Siddhant Mishra (Associate).
The deal concerned the promoter's sale of a 5.71% stake in Avalon Technologies Limited, a company specialising in electronic manufacturing services, design, engineering, and supply chain solutions. Avalon Technologies is also known for providing end-to-end electronic manufacturing services.
The block trade was executed on the floor of stock exchanges in the secondary market, but further details about the specifics of the trade or the promoter involved have not been disclosed.
Trilegal's expertise in corporate and capital markets law proved invaluable in navigating this complex transaction, ensuring a successful outcome for all parties involved. The firm's commitment to providing top-notch legal advice continues to be evident in their work on high-profile deals such as this one.
The financial implications of this deal, with a value of ₹303 crore, indicate that significant investing in Avalon Technologies Limited was facilitated by this block trade of equity shares. Given Trilegal's involvement, it'sclear that the firm's business expertise in both corporate and capital markets law played a pivotal role in navigating this complex transaction.
