Godawari Power sells stake in Jammu Pigments for ₹10.95 Cr

Godawari Power and Ispat Limited (GPIL) has completed the third tranche of its partial divestment of stake in its associate company, Jammu Pigments Limited (JPL). GPIL transferred 3,67,200 equity shares for ₹10.95 Crores, receiving the full consideration. This transfer reduces GPIL's shareholding in JPL from 38.27% to 36.38%. This follows previous transfers of 7,74,000 and 3,35,100 shares, as part of a larger plan to divest 16,75,000 shares at a fair value of ₹298.45 per share, aggregating to ₹49.99 Crores.