Avantel Limited (AVANTEL)
Amalgamation/Merger
Merger approved: Imeds Global Pvt Ltd, wholly owned subsidiary, to merge into Avantel Limited. Scheme subject to NCLT Amaravati approval and other regulatory consents. No shares to be issued; equity held by Avantel in Imeds to be cancelled. Merger aims to simplify group structure, improve efficiency, and consolidate operations. No change in Avantel's shareholding pattern. Appointment: Mr. Nimmagadda Sreenivasa Rao named Additional Director (Technical) for 3 years from Oct 26, 2026, subject to postal ballot approval.
Source: Original filing PDF
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🚨 AVANTEL — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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