Announced Fri, 24 Jul · 13:59 IST
Godawari Power sells partial stake in Jammu Pigments for about Rs 50 Cr
Strategic Transactions View source PDF
GPIL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹241.40
prior close
₹242.25
base price
In-mkt
timing
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AI summary
Godawari Power & Ispat board approved selling 16,75,000 shares (about 19.6% of its current holding) in associate Jammu Pigments Ltd to JPL's promoters and their affiliates at Rs 298.45 per share, totaling about Rs 50 Crores. Post-sale, GPIL stake in JPL drops from 43.96% to 35.36%. JPL contributed 1.92% of consolidated profit in FY26. Deal expected to complete by 30 August 2026 and is not a related party transaction for GPIL.
Likely market impact
GPIL will receive about Rs 50 Cr cash from partial exit in associate JPL. Stake falls from 43.96% to 35.36%. Modest cash inflow, minor earnings impact.