Gamco Ltd. Sells Wholly-Owned Subsidiary to Blackstone-Backed Entity
Gamco Ltd., formerly known as Visco Trade Associates Limited, announced on March 26, 2026, that its Finance Committee has approved the sale of its entire equity stake in its wholly-owned subsidiary, Visco Advisory Private Limited (VAPL), to BREP Asia III India Holding Co II Pte. Ltd. BREP Asia III India Holding Co II Pte. Ltd. is an entity owned by funds managed and/or advised by affiliates of Blackstone Inc.The transaction, executed on March 26, 2026, is subject to customary conditions precedent and is expected to be completed on or before May 31, 2026. Upon completion, VAPL will cease to be a wholly-owned subsidiary of Gamco Ltd. The consideration for the transaction has been agreed upon, and further details will be disclosed upon completion.
According to consolidated financial statements for fiscal year 2024-25, VAPL’s turnover was nil, and its net worth was INR 9.17 Lakhs, representing approximately 0.09% of Gamco Ltd.'s consolidated net worth. The buyer, BREP Asia III India Holding Co II Pte. Ltd., is not affiliated with Gamco Ltd.'s promoter or promoter group.
A table summarizing the transaction details is provided below:
| Particulars | Details |
|---|---|
| Turnover/Revenue/Income and Net Worth Contribution (FY 2024-25) | Turnover: Nil, Net Worth: INR 9.17 Lakhs (~0.09% of consolidated net worth) |
| Date of Agreement | 26th March 2026 |
| Expected Completion Date | On or before 31st May 2026 |
| Consideration | Details to be disclosed upon completion |
| Buyer Details | BREP Asia III India Holding Co II Pte. Ltd., an entity owned by funds managed and/or advised by affiliates of Blackstone Inc. |
| Related Party Transaction? | No |
| Applicability of Regulation 37A of LODR Regulations | Not applicable |
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