Godawari Power and Ispat transfers Rs 6.60 crore stake in Ardent Steel | Business Upturn

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Godawari Power and Ispat Limited (GPIL) has transferred 2,00,000 equity shares of Ardent Steel Private Limited (ASPL) for a consideration of ₹6.60 crore. This transaction, completed on 24 March 2026, represents 2.52% of ASPL’s equity shares.

The transfer is part of GPIL’s ongoing disposal of its entire 37.85% stake in ASPL, an associate company. The initial announcement regarding this disposal was made on 6 February 2026, with the total consideration for the stake set at ₹90.87 crore, subject to the fulfilment of statutory and contractual requirements.

Following the completion of this second tranche of the share transfer, ASPL has ceased to be an associate company of GPIL. The dilution in GPIL’s stake in ASPL from 20.98% to 18.46% marks this change.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Ardent Steel ASPL Godawari Power and Ispat NSE