Deals24 Mar 2026, 02:12 pm
Godawari Power and Ispat Ltd Disposes 2.52% Stake in Ardent Steel Private Limited for Rs 6.60 Crores
AI Summary
Godawari Power and Ispat Ltd (GPIL) has disposed of 2,00,000 equity shares of its associate company, Ardent Steel Private Limited (ASPL), for a total consideration of Rs 6.60 Crores. This transfer represents 2.52% equity shares of ASPL. Post this transaction, ASPL ceased to be an associate company of GPIL due to the dilution in GPIL's stake from 20.98% to 18.46%. This update is in continuation with the earlier announcement made on 06.02.2026 and 06.03.2026 regarding the disposal of GPIL's entire stake in ASPL.
Key Highlights
- Godawari Power and Ispat Ltd has disposed of 2,00,000 equity shares of Ardent Steel Private Limited.
- The transaction consideration is Rs 6.60 Crores, representing 2.52% equity shares of ASPL.
- Post this transaction, ASPL ceased to be an associate company of GPIL.
- This update is in continuation with the earlier announcements made on 06.02.2026 and 06.03.2026.
- GPIL's stake in ASPL has diluted from 20.98% to 18.46%.