GeeCee Ventures Limited has informed the Exchange about Intimation under regulation 30 read with Schedule III Part A Para A(1) of SEBI LODR Regulation 2015- Acquisition
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GeeCee Ventures Limited has bought 15,000 equity shares of Adani Energy Solutions Ltd (AESL) for Rs. 1.23 Crores through an open market purchase. With this, GeeCee's total holding in AESL rises to 45,000 shares, representing 0.003% of AESL's paid-up capital and a cumulative investment of Rs. 4.39 Crores. The transaction was done in cash at market price and is not a related party deal. AESL, part of the Adani Group, operates in power transmission, distribution, smart metering, and cooling solutions, and reported a turnover of Rs. 1,937.75 Crores and a profit after tax of Rs. 617.75 Crores in FY25. GeeCee clarified this is a small part of its overall investment portfolio.
This is a minor portfolio investment by GeeCee Ventures with negligible ownership stake in AESL, so it is unlikely to materially affect GeeCee's stock price or business operations. Investors should view this as routine treasury/investment activity rather than a strategic acquisition.