Please find enclosed outcome of board meeting
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Gamco Ltd's board, at its meeting on 19th January 2026, approved a draft Share Purchase & Subscription Agreement to sell its entire 100% equity stake in wholly-owned subsidiary Visco Advisory Private Limited (VAPL). The company clarified that VAPL is not a material subsidiary, and upon completion of the transaction, VAPL will cease to be a wholly-owned subsidiary of Gamco. The board also constituted a Finance Committee comprising two directors and the Managing Director to finalise the terms and conditions of the sale and take all necessary actions to close the deal.
This is a full exit from a subsidiary, which will simplify Gamco's group structure but remove any revenue or value contributed by VAPL. Shareholders should watch for the final sale price and buyer's identity once the agreement is executed, as that will determine the real financial benefit to the company.