Gamco Ltd Approves Share Purchase & Subscription Agreement for Wholly Owned Subsidiary Visco Advisory Private Limited

In a recent board meeting, Gamco Ltd approved a draft Share Purchase & Subscription Agreement for the disposal of 100% Equity Shares held in its wholly owned subsidiary, Visco Advisory Private Limited (VAPL). The decision was made to cease VAPL's status as a wholly owned subsidiary of the company upon execution of the transaction. Additionally, the board approved the constitution of a 'Finance Committee', comprising of Mr. Dinesh Arya, Mr. Rajeev Goenka, and Mr. Dipak Sundarka, who have been authorized to finalize terms and conditions for the above transaction and perform all necessary acts.