Godawari Power and Ispat Limited Updates Stake Disposal in Ardent Steel Private Limited
Godawari Power and Ispat Limited (GPIL) announced the transfer of 200,000 equity shares in Ardent Steel Private Limited (ASPL) on March 24, 2026. The transaction involved a consideration of Rs 6.60 Crores, representing a 2.52% stake in ASPL.This transfer follows previous announcements regarding the disposal of GPIL’s entire 37.85% stake in ASPL for a total consideration of Rs 90.87 Crores. The sale is contingent on fulfilling all necessary statutory and contractual requirements.
As a result of this second tranche of share transfer, ASPL ceased to be an associate company of GPIL, effective March 24, 2026. GPIL's stake in ASPL has been diluted from 20.98% to 18.46%.
| Detail | Value |
|---|---|
| Shares Transferred | 200,000 |
| Consideration | Rs 6.60 Crores |
| Percentage of Stake | 2.52% |
| GPIL’s Post-Transfer Stake | 18.46% |
| Total Consideration (Overall) | Rs 90.87 Crores |
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