Godawari Power And Ispat limited has informed the Exchange about Updates on Disposal of Stake in Ardent Steel Private Limited, An Associate Company.
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Godawari Power and Ispat Limited is selling its entire 37.85% stake in associate company Ardent Steel Private Limited for a total consideration of Rs 90.87 Crores. As part of this deal, the first tranche was completed on 06.03.2026, with the company transferring 13,36,700 equity shares (16.87% stake) for Rs 40.50 Crores. After this first tranche, GPIL's holding in Ardent Steel has come down from 37.85% to 20.98%. The remaining stake transfer is subject to statutory and contractual approvals.
The company is unlocking value from a non-core associate investment, with Rs 40.50 Crores already received in the first tranche and another ~Rs 50 Crores expected on completion of the balance transfer. This is a portfolio restructuring move and should be mildly positive as it brings in cash without affecting GPIL's main steel/power operations.