Godawari Power and Ispat Divests Stake in Jammu Pigments Limited
Godawari Power And Ispat limited (GPIL) has completed a partial divestment of its equity stake in associate company, Jammu Pigments Limited (JPL). The transfer involved 7,74,000 equity shares of JPL on July 28, 2026.The transaction details confirmed that GPIL transferred the specified shares to the respective buyer's account, receiving a consideration of Rs 23.10 Crores.
This disposal marks a reduction in GPIL’s ownership percentage in Jammu Pigments Limited. Following the conclusion of this first tranche of transfer, GPIL's stake in JPL has been reduced from 43.96% to 39.99%.
GPIL Stock Price Movement
Shares of Godawari Power And Ispat limited are rallying to ₹252.4 as of 12:10 PM, achieving a strong intraday gain of 2.81%. The stock experiences heavy trading volume, with over 982,521 shares transacted so far today.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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