Avantel Limited — Important, 29-05-2025: General Updates

Avantel Limited has announced a board meeting to approve the allotment of 2.02 crore equity shares via a Rights Issue at Rs. 40 per share (including Rs. 38 premium). This will raise the paid-up equity capital from 244.7 crore to 264.96 crore shares, indicating a strong capital boost to fund growth and expansion plans.