GeeCee Ventures Increases Stake in GMR Power and Urban Infra Limited through Open Market Purchase
Geecee Ventures Ltd has increased its investment stake in GMR Power and Urban Infra Limited (GPUIL) following a recent open market purchase, bringing the cumulative investment in the infrastructure firm to Rs 2.14 crores.The transaction involves Geecee Ventures making an investment of Rs 0.03 crores by acquiring 2,500 Equity Shares of GPUIL. This latest acquisition brings GCVL's total financial commitment in GPUIL over the threshold specified for reporting purposes, noting that the company was previously holding 2,00,000 Equity Shares in GPUIL.
The investment is part of Geecee Ventures' investment activities, with management stating that this stake remains a "miniscule part" of its overall investment portfolio.
Profile of GMR Power and Urban Infra Limited (GPUIL)
GMR Power and Urban Infra Limited operates in the power generation industry and is recognized as a global infrastructure conglomerate involved in Energy, Road, SmartMeter Infrastructure, and Urban Infrastructure business sectors in India.The company's energy business includes commissioned capacity of around 2,840 MWs across Coal, Gas, and renewable power plants in India, alongside approximately 1,775 MWs under development. GPUIL maintains a diversified sale strategy, utilizing both merchant sales and long-term Power Purchase Agreements (PPAs).
GPUIL has operations across several geographies through its subsidiaries, associates, and joint ventures, including India, Nepal, Indonesia, and Dubai.
The company's financial performance over the last three years shows the following trends:
| Financial Metric | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Turnover (in Crores) | Rs 367.28 Crores | Rs 480.89 Crores |
| Profit/(Loss) After Tax (in Crores) | Rs (149.57) Crores | Rs 746.60 Crores |
For the fiscal year 2023-2024, GPUIL reported a turnover of Rs 778.96 Crores and a profit after tax of Rs 1408.78 Crores. Authorised Capital for GPUIL is Rs 550 Crores, while Paid Up Capital stands at Rs 390.51 Crores.
The investment by Geecee Ventures was made using cash consideration at an acquisition cost of Rs 0.03 crores (equivalent to 2.54 Lakhs), with the shares acquired being priced at Rs 101.5 per share. This latest purchase accounts for a 0.03% stakeholding in GPUIL.
GEECEE Stock Price Movement
GeeCee Ventures Limited shares rallied today, settling at ₹350.35 after gaining 5.63%. The equity traded a total of 50,307 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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