GPIL

GODAWARI POWER & ISPAT: TO SELL STAKE IN JAMMU PIGMENTS FOR ₹49.99 CRORE 💰🏭 • 🤝 The Board has approved the partial divestment of 16.75 lakh equity shares held in Jammu Pigments Ltd. (JPL) to the promoters of JPL and/or their relatives or affiliates. • 💰 The shares will be sold at a fair value of ₹298.45 per share, aggregating to approximately ₹49.99 crore. • 📉 Following the transaction, Godawari Power & Ispat's stake in JPL will reduce from 43.96% (85.70 lakh shares) to 35.36% (68.95 lakh shares). • 📅 The company expects the transaction to be completed on or before August 30, 2026. The sale is not a related-party transaction for GPIL. 🟢 Impact: Positive (The stake sale is expected to unlock around ₹50 crore of value, strengthen liquidity and optimize GPIL's investment portfolio while retaining a significant stake in Jammu Pigments.)