Announced Thu, 21 May · 18:36 IST
Please find attached herewith the updates on disposal of stake in Ardent Steel Private Limited.
Strategic Transactions View source PDF
GPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.7%1-day move
₹296.90
prior close
₹296.65
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-1.0-1.5-2.0-3.7-3.5-4.2-2.3-5.3-3.9-5.4-7.1-18.4—
Up moveDown movePending
AI summary
Godawari Power and Ispat Limited (GPIL) has completed the full exit from its 37.85% stake in Ardent Steel Private Limited (ASPL), an Associate Company. The final tranche on 21.05.2026 involved transfer of 730,400 equity shares (9.22% stake) for Rs 22.18 Crores. The total deal value is Rs 90.87 Crores across four tranches. Post-completion, GPIL now holds 0% stake in ASPL, marking complete divestment of this associate investment.
Likely market impact
GPIL has fully divested its associate company holding, converting the stake to cash. This brings closure to the announced disposal and frees up capital for the parent company.