Avantel Limited — Others, 12-05-2025: Copy of Newspaper Publication

Avantel Limited has announced a board meeting on the financial results for the quarter and half-year. The company is moving ahead with a Rights Issue of up to 2.02 crore equity shares at Rs. 40 each, aiming to raise Rs. 80.9 Cr from existing shareholders at a ratio of 10 shares for every 121 held. The Rights Issue Committee has approved the Final Letter of Offer, and the related advertisement has been published. This capital raise is intended to bolster the company’s financial health and support ongoing business activities.