In compliance with Regulation 30 with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has entered into Share ....
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Gamco Ltd has signed a Share Purchase Agreement on 24th September 2025 to acquire approximately 96.26% stake in Uma Properties & Traders Limited (UPTL), a Kolkata-based company in the real estate business that owns land and buildings. The deal is valued at Rs. 88 Crores, payable in cash through banking channels, and is expected to complete on or before 30th October 2025. UPTL had a turnover of only Rs. 18.97 Lakhs as of 31 March 2025, suggesting the value lies in its real estate assets rather than operating business. This is not a related-party transaction, and Gamco's promoters already hold around 3.60% in UPTL.
This is a major capital deployment (Rs. 88 Crores) into real estate assets by Gamco, which could significantly reshape its business portfolio. Shareholders should watch for clarity on funding sources, valuation of underlying real estate assets, and any subsequent open offer obligations under SEBI takeover rules.