Update in continuation of the disclosure made on 26th March, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gamco Ltd has disclosed an extension of the timeline for completing the sale of its 100% equity stake in Visco Advisory Private Limited (VAPL) to BREP Asia III India Holding Co II Pte. Ltd., a Blackstone-managed fund. The closure date has been pushed from May 31, 2026 to July 15, 2026, citing pending customary conditions precedent. The subsidiary being sold contributed nil turnover and had a net worth of INR 9.17 Lakhs in FY 2024-25, representing only 0.09% of Gamco's consolidated net worth. The transaction is not a related party deal and does not qualify as disposal of a substantial business under SEBI regulations.
The extension suggests the deal is progressing but facing procedural delays; given the subsidiary's minimal contribution to Gamco's financials, the impact on the company's fundamentals is negligible.