Godawari Power and Ispat Limited has successfully completed the third tranche of its divestment in Ardent Steel Private Limited. By transferring 7,32,000 equity shares on April 20, 2026, the company realized a consideration of Rs 22.18 Crores. Following this transaction, the company’s shareholding in the associate firm has further decreased from 18.46% to 9.22%.
Transaction Details
Godawari Power and Ispat Limited (GPIL) has continued its strategic divestment process of Ardent Steel Private Limited (ASPL). In the latest development on April 20, 2026, the company successfully transferred 7,32,000 equity shares, representing 9.24% of the equity in the associate company. The transaction was finalized for a consideration value of Rs 22.18 Crores.
Impact on Shareholding
This move marks the third significant milestone in the company’s plan to exit its stake in the associate entity, following previous announcements made earlier in the year. Post-completion of this latest tranche, the company’s total stake in Ardent Steel Private Limited has been reduced to 9.22%, down from 18.46%. This reduction aligns with the company’s broader objective of disposing of its total stake of 37.85%, initially valued at a total consideration of Rs 90.87 Crores.
Source: BSE
