Avantel Rights Issue 2025 FAQ's

Avantel Rights Issue 2025 price is set at ₹40 per share. The Avantel Rights Issue 2025 opens on Thu, May 15, 2025, and closes on Wed, May 28, 2025, for the subscription.

The allotment of Avantel Rights Issue 2025 is expected to happen on or about May 29, 2025 as per the issue schedule.

The credit of Avantel Rights Issue 2025 in Demat account is expected on or about June 2, 2025 as per the issue schedule.

Objects of the Issue:

The company intend to utilize the gross proceeds raised through the Issue:

1. Funding the Capital Expenditure towards establishment of new manufacturing facility for Design, Development & Manufacturing of Electronics, Antennas & Connectors for Commercial, Defence & Aerospace applications at Survey No. 243 in Kondaparva Village, Visannapeta Mandal, NTR District - 521213, Andhra Pradesh, India.
2. Funding the Capital Expenditure towards establishment of GSaaS (Ground Station as a Service) infrastructure for offering GSaaS services at our facility situated at Plot No: S-119 (M), Sy. No: 49, E-City, Raviryala (V), Maheswaram (M), Rangareddy (Dt), Hyderabad – 501510, Telangana, India.
3. General Corporate Purposes.