Godawari Power & Ispat partially divests stake in Jammu Pigments

Godawari Power and Ispat Ltd (GPIL) announced its Board of Directors has approved the partial divestment of its stake in Jammu Pigments Limited (JPL). The company will sell 16,75,000 equity shares at a fair value of ₹298.45 per share, aggregating to ₹49.99 Crores. This transaction will reduce GPIL's holding in JPL from 43.96% (85,69,762 shares) to 35.36% (68,94,762 shares). The sale is expected to be completed by August 30, 2026. The buyers are the promoters of JPL and/or their relatives or affiliates. JPL's contribution to GPIL's consolidated turnover was 1.92% (₹1536.21 Lakhs) and its net worth contribution was 4.68% (₹27381.90 Lakhs) in the last financial year.