GeeCee Ventures Increases Stake in GMR Power and Urban Infra Limited through Open Market Purchase
GeeCee Ventures Ltd (GCVL) has expanded its investment portfolio by acquiring additional equity shares in GMR Power and Urban Infra Limited (GPUIL). The company made an open market purchase resulting in a Rs. 0.98 crore investment, bringing its cumulative holding in GPUIL to a significant level.The transaction involved the acquisition of 97,500 Equity Shares in GMR Power and Urban Infra Limited (GPUIL). This new investment is part of GeeCee Ventures Ltd's ongoing investment activities in the power generation sector. The total investment in GPUIL now stands at Rs. 3.12 crores, surpassing the threshold specified under applicable regulations.
GCVL was previously holding 202,500 Equity Shares in GPUIL. Through the recent purchase, GCVL acquired a new tranche of shares, resulting in its cumulative shareholding equivalent to 0.04% of GPUIL's paid up capital. The acquisition cost was Rs. 0.98 crores, with a price per share recorded at Rs. 101.1.
Profile of GMR Power and Urban Infra Limited (GPUIL)
GMR Power and Urban Infra Limited (GPUIL), which is listed on BSE and NSE, operates within the Power Generation industry. The company is described as a leading global infrastructure conglomerate with interests across Energy, Road, Smart Meter Infrastructure, and Urban Infrastructure business sectors in India.In terms of operational scale and financial standing, GPUIL has an authorized capital of Rs. 550 Crores and paid up capital of Rs. 390.51 Crores.
The company's turnover data over the last three years is as follows:
| Fiscal Year | Turnover (in Crores) | Profit/(Loss) After Tax (in Crores) |
|---|---|---|
| FY 2024-25 | Rs. 480.89 | Rs. 746.60 |
| FY 2023-24 | Rs. 778.96 | |
| FY 2022-23 | Rs. 1408.78 |
GPUIL's business activities encompass a diverse energy portfolio, which includes commissioned capacity of around 2,840 MW from Coal, Gas, and renewable power plants in India, along with approximately 1,775 MW of power projects currently under development. The company maintains a diversified sales strategy incorporating both merchant and long-term Power Purchase Agreements (PPAs).
GPUIL has its primary presence in India, operating through subsidiaries and associates in Nepal, Indonesia, and Dubai.
GEECEE Stock Price Movement
Today, GeeCee Ventures Limited shares rallied, settling at ₹353.75 after edging higher by 1.84%. The stock traded on a volume of 6,777 shares, closing inside its daily range which spanned between a low of ₹350 and a high of ₹369.9.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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