Deals15 Jul 2026, 07:30 pm
Gamco Ltd Extends VAPL Stake Sale Deadline to Aug 17
AI Summary
Gamco Ltd announced an extension for the closure date of the transaction involving the sale of its 100% equity stake in its wholly-owned subsidiary, Visco Advisory Private Limited (VAPL), to BREP Asia III India Holding Co 11 Pte. Ltd. (an affiliate of Blackstone). The original deadline was July 15, 2026, and has now been extended to August 17, 2026. This is in continuation of previous disclosures made on March 26, 2026, and May 29, 2026. The transaction is subject to customary conditions precedent. The net worth of VAPL as of FY 2025-26 was negative INR 75.54 Lakhs.
Key Highlights
- Gamco Ltd extended VAPL stake sale deadline to August 17, 2026.
- The buyer is an entity owned by Blackstone affiliates.
- The transaction involves 100% equity stake in wholly-owned subsidiary VAPL.
- VAPL's net worth was negative INR 75.54 Lakhs in FY 2025-26.
- The sale is subject to customary conditions precedent.
Price Impact
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