Godawari Power stake in Ardent Steel reduced to 9.22%

Godawari Power and Ispat Ltd (GPIL) has transferred 7,32,000 equity shares of Ardent Steel Private Limited (ASPL), representing 9.24% of the equity, for Rs 22.18 Crores. This transaction reduces GPIL's stake in ASPL from 18.46% to 9.22%. This is part of a larger divestment plan where GPIL is selling its entire 37.85% stake in ASPL for a total consideration of Rs 90.87 Crores, subject to statutory and contractual requirements. The transfer occurred on April 20, 2026.