Announced Fri, 24 Jul · 13:51 IST
GPIL board approves partial divestment of stake in Jammu Pigments
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
₹241.75
base price
In-mkt
timing
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—+0.3+0.3—-1.4+1.3————————
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AI summary
Godawari Power and Ispat board approved partial divestment of 16,75,000 equity shares in Jammu Pigments Limited at Rs. 298.45 per share, totaling about Rs. 49.99 Crores. GPIL stake in JPL will drop from 43.96 percent to 35.36 percent. Buyer is JPL promoters and affiliates, not a related party to GPIL. Deal expected to complete by 30 Aug 2026.
Likely market impact
Modest divestment from associate brings about Rs. 50 Cr cash. JPL contributes under 5 percent of GPIL net worth, so limited earnings impact.