Gujarat Apollo Sells Credo Advanced Chemicals Stake for ₹37.63 Cr

Gujarat Apollo Industries Limited has completed the sale of its entire shareholding in Credo Advanced Chemicals Limited (CACL), an unlisted entity. The company divested 1,34,40,000 equity shares of ₹10 each, representing 17.92% of CACL's equity share capital, for an aggregate consideration of ₹37,63,20,000 (₹37.63 Crore). Following this transaction, Gujarat Apollo Industries Limited no longer holds any shares in CACL. The sale was approved by the Board of Directors on September 3, 2026, and shareholders via a special resolution. Deloitte Touche Tohmatsu India LLP served as the exclusive advisor for this divestment.