Please find enclosed the outcome of meeting of finance committee of the company held today i.e. on 26.03.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gamco Ltd's Finance Committee has approved the sale of its entire stake in wholly owned subsidiary Visco Advisory Private Limited (VAPL) to BREP Asia III India Holding Co II Pte. Ltd., an entity linked to Blackstone Inc. funds. The Securities Subscription and Purchase Agreement was signed on 26 March 2026, with completion targeted by 31 May 2026 subject to customary conditions. VAPL is a non-material subsidiary — it had nil revenue in FY25 and contributed only INR 9.17 lakhs (~0.09%) to consolidated net worth. The actual sale consideration has not been disclosed and will be shared once the transaction closes. The buyer is not a related party, and once the deal completes, VAPL will cease to be Gamco's subsidiary.
The divestment is financially immaterial given VAPL's near-zero revenue and negligible net worth contribution, so the direct stock impact should be limited. However, the entry of a Blackstone-affiliated buyer lends some credibility, and investors should watch for the final consideration disclosure, which could be a modest positive catalyst.