Avi Products India Ltd — Important, 01-01-1970: Company Update

PPMS Real Estates LLP, a real estate firm, has launched an open offer to acquire an additional 26% stake in AVI Products India Limited at ₹33.00 per share, totaling ₹2.84 crore. This follows PPMS acquiring 37.88% from AVI's previous promoters and other sellers, increasing their total holding to 62.68%. The goal is to gain control and potentially diversify AVI, currently a dental products trader, into the real estate sector. The offer opens on May 13, 2026, and closes on May 26, 2026. If fully accepted, PPMS's stake would reach 88.68%, requiring a plan to meet minimum public shareholding norms. AVI's recent half-year results showed revenue of ₹0.77 crore and a loss of ₹0.95 crore.