Deals6 Mar 2026, 05:01 pm
Godawari Power and Ispat Ltd Disposes 16.87% Stake in Ardent Steel Private Limited for Rs 40.50 Crores
AI Summary
Godawari Power and Ispat Ltd has transferred 13,36,700 equity shares of Ardent Steel Private Limited into the respective buyer account against a consideration of Rs 40.50 Crores. This transfer represents 16.87% equity shares of Ardent Steel Private Limited, reducing the Company’s stake from 37.85% to 20.98%. The disposal is in continuation with the earlier announcement made on 06.02.2026 regarding the Disposal of the entire stake of 37.85% held in Ardent Steel Private Limited for a total consideration of Rs 90.87 Crores.
Key Highlights
- Godawari Power and Ispat Ltd disposes 16.87% stake in Ardent Steel Private Limited
- The stake was transferred for a consideration of Rs 40.50 Crores
- This transfer represents 13,36,700 equity shares of Ardent Steel Private Limited
- The Company’s stake reduced from 37.85% to 20.98% in Ardent Steel Private Limited
- The disposal is in continuation with the earlier announcement made on 06.02.2026