IIFL Facilities Services has bought additional shares of Avanti Feeds for Rs 470 crore through an open market transaction. IIFL Facilities Services is an arm of IIFL Capital Services and a part of IIFL Group. According to the block deal data available on the National Stock Exchange, IIFL Facilities Services purchased 59.77 lakh shares or 4.4 per cent stake in Avanti Feeds. The shares were acquired at an average price of Rs 786 apiece.
Avanti Feeds is the leading manufacturer of Prawn and Fish Feeds and Shrimp Processor and Exporter from India.
