Avantel Founder Dr. Abburi Vidyasagar Donates 60 Lakh Equity Shares to Lakshmee Foundation for Healthcare Initiatives
Published on: May 5, 2026, 3:21 p.m. | Source: scanx.trade
Dr. Abburi Vidyasagar, Founder & Chairman and Managing Director of Avantel Limited and Trustee of Lakshmee Foundation, donated 60,00,000 (Sixty Lakh) equity shares of Avantel Limited to Lakshmee Foundation on May 4, 2026. The proceeds will support healthcare philanthropic activities, including the operations of Lakshmee Foundation Hospital in Vijayawada, Andhra Pradesh. Lakshmee Foundation, instituted in 2010, carries out philanthropic work in health, education, women welfare, and distress relief across Andhra Pradesh and Telangana.
