Infinium Motors Private Limited Acquires AvenuesAI Shares
Infinium Motors Private Limited has acquired 6,02,29,500 equity shares of AvenuesAI Limited through an off-market transaction on March 18, 2026.According to a filing, Infinium Motors Private Limited, a Promoter Group entity, made the acquisition. Mr. Ajit Champaklal Mehta and Ms. Jayshreeben Ajitbhai Mehta, both promoters, also participated as sellers.
Prior to the acquisition, the acquirer along with Persons Acting in Concert (PAC) held 95,40,10,982 equity shares, representing 27.29% of the total share/voting capital and 26.95% of the total diluted share/voting capital. Following the acquisition, the holding remains unchanged at 95,40,10,982 equity shares, representing 27.29% of the total share/voting capital and 26.95% of the total diluted share/voting capital.
The total equity share capital of AvenuesAI Limited before the acquisition was 3,49,64,20,770 equity shares, which increased to 3,53,95,68,664 equity shares after the transaction.
| Detail | Value |
|---|---|
| Shares acquired | 6,02,29,500 |
| Percentage of total share/voting capital | 1.72% |
| Percentage of total diluted share/voting capital | 1.70% |
| Total holding before acquisition (shares) | 95,40,10,982 |
| Total holding after acquisition (shares) | 95,40,10,982 |
| Total equity share capital before acquisition | 3,49,64,20,770 |
| Total equity share capital after acquisition | 3,53,95,68,664 |
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