Godawari Power Announces Partial Divestment of Shares in Jammu Pigments Limited
Godawari Power and Ispat Ltd has approved a partial divestment of its equity stake in Jammu Pigments Limited (JPL). The transaction involves selling 16,75,000 equity shares in JPL to the Promoters of JPL or their relatives or affiliates.The sale was conducted at a determined Fair Value of Rs.298.45 per share, aggregating to a total consideration of Rs.49.99 Crores.
Upon the conclusion of this transaction, Godawari Power's holding in Jammu Pigments Limited will be adjusted significantly. The company’s stake is expected to reduce from 85,69,762 shares (representing a 43.96% stake) to 68,94,762 shares (equating to 35.36%).
Details regarding the existing and future holding structure are summarized below:
| Metric | Before Divestment | After Divestment |
|---|---|---|
| Total Holding Shares in JPL | 85,69,762 | 68,94,762 |
| Percentage Stake Held | 43.96% | 35.36% |
The buyer for the shares being divested is specified as the Promoters of Jammu Pigments Limited and/or their relatives or affiliates. The transaction was determined to be not a related party transaction. Godawari Power noted that the expected completion date for this sale is on or before 30.08.2026.
GPIL Stock Price Movement
Godawari Power And Ispat limited shares are edging higher to ₹241.8 as of 1:59 PM today, gaining ₹0.55 or 0.23%. The stock trades actively in the live market, having reached a day high of ₹242.55 and registering a volume of 363,527 shares.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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