Divestment14 Oct 2026, 01:38 pm
Godawari Power sells 3.35 Lakh shares in Jammu Pigments
AI Summary
Godawari Power and Ispat Ltd (GPIL) has divested an additional 3,35,100 equity shares of Jammu Pigments Limited (JPL), representing a consideration of ₹10.00 Crores. This transaction is part of a larger partial divestment of 16,75,000 equity shares initially approved by the board. Following this second tranche of transfer, GPIL's shareholding in JPL has reduced from 39.99% to 38.27%. The shares were transferred at a fair value of ₹298.45 per share, with the total divestment expected to aggregate ₹49.99 Crores.
Key Highlights
- GPIL divested 3,35,100 equity shares of Jammu Pigments Limited.
- Consideration received for this tranche is ₹10.00 Crores.
- GPIL's stake in Jammu Pigments reduced to 38.27%.
- Total divestment value is ₹49.99 Crores.
- Transaction is a partial divestment of existing holding.
Price Impact
More from GPIL