Divestment24 Jul 2026, 01:53 pm
Godawari Power Approves Partial Divestment of Jammu Pigments Stake
AI Summary
Godawari Power and Ispat Ltd announced that its Board of Directors has approved the partial divestment of its investment in Jammu Pigments Limited (JPL). The company will sell 16,75,000 equity shares to the promoters of JPL and/or their relatives or affiliates at a fair value of ₹298.45 per share, aggregating to ₹49.99 Crores. This transaction is expected to be completed by August 30, 2026. Following the divestment, Godawari Power's holding in JPL will reduce from 43.96% to 35.36%.
Key Highlights
- Board approved partial divestment of investment in Jammu Pigments Limited.
- 16,75,000 equity shares to be sold at ₹298.45 per share.
- Total consideration for the divestment is ₹49.99 Crores.
- Holding in Jammu Pigments will reduce from 43.96% to 35.36%.
- Transaction expected to conclude by August 30, 2026.
Price Impact
More from GPIL