Divestment21 May 2026, 06:41 pm
Godawari Power Reduces Stake in Ardent Steel to 0%
AI Summary
Godawari Power and Ispat Ltd (GPIL) has completed the disposal of its stake in Ardent Steel Private Limited (ASPL). The company transferred 730,400 equity shares of ASPL, representing 9.22% equity, for ₹22.18 Crores on May 21, 2026. With this final tranche, GPIL's stake in ASPL has been reduced from 9.22% to 0.00%. This action is pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and earlier announcements regarding the disposal of its 37.85% stake in ASPL for ₹90.87 Crores.
Key Highlights
- GPIL transferred 730,400 ASPL equity shares for ₹22.18 Crores on May 21, 2026.
- The transfer represents 9.22% equity shares of Ardent Steel Private Limited.
- GPIL's stake in ASPL is now reduced to 0.00% following the final tranche.
- The total consideration for the 37.85% stake disposal is ₹90.87 Crores.
- The disposal aligns with earlier announcements made on 06.02.2026, 06.03.2026, 24.03.2026 and 20.04.2026.
Price Impact
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