GAMCO Limited Sells Wholly Owned Subsidiary to Blackstone Affiliate

GAMCO Limited has announced the sale of its wholly owned subsidiary Visco Advisory Private Limited (VAPL) to BREP Asia III India Holding Co II Pte. Ltd., an entity owned by funds managed and advised by affiliates of Blackstone Inc. The Finance Committee of the company approved the Securities Subscription and Purchase Agreement (SSPA) on March 26, 2026, following authorization from the Board of Directors meeting held on January 19, 2026.

Transaction Details

The Finance Committee meeting, which commenced at 10:00 AM and concluded at 11:30 AM on March 26, 2026, approved the terms and conditions for the complete transfer of equity stake in VAPL. Upon completion of the transaction, VAPL will cease to be a wholly owned subsidiary and consequently will no longer be a subsidiary of GAMCO Limited.

Parameter	Details
Agreement Date	March 26, 2026
Expected Completion	On or before May 31, 2026
Buyer	BREP Asia III India Holding Co II Pte. Ltd.
Parent Entity	Blackstone Inc. affiliates
Transaction Type	Complete equity stake transfer

Financial Impact and Subsidiary Profile

Based on consolidated financial statements for FY 2024-25, VAPL contributed minimal financial impact to the parent company. The subsidiary had nil turnover and a net worth of INR 9.17 lakhs, representing approximately 0.09% of GAMCO Limited's consolidated net worth.

Financial Metric	VAPL Contribution
Turnover (FY 2024-25)	Nil
Net Worth	INR 9.17 lakhs
Percentage of Consolidated Net Worth	~0.09%

Buyer Information and Transaction Structure

The buyer, BREP Asia III India Holding Co II Pte. Ltd., does not belong to the promoter or promoter group of GAMCO Limited. The transaction does not qualify as a related party transaction and is being conducted outside any scheme of arrangement. The company has confirmed that Regulation 37A of LODR Regulations is not applicable to this transaction as it does not constitute a sale, lease, or disposal of an undertaking.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with requirements under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

The consideration for the transaction has been agreed between the parties; however, GAMCO Limited stated that appropriate disclosure regarding the consideration amount will be made upon completion of the transaction, as conditions precedent are still pending fulfillment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-100.00%	-9.39%	-0.11%	-10.82%	-19.13%	+2,795.20%

GAMCO LIMITED has received a formal regulatory disclosure from promoter group member Raj Goenka regarding the acquisition of additional equity shares in the company. The transaction was conducted through open market purchases and falls under the regulatory framework of SEBI's substantial acquisition norms, with complete documentation submitted to BSE Limited and the company.

Share Acquisition Details

Raj Goenka acquired 32,307 equity shares of GAMCO LIMITED with a face value of Rs. 2.00 each through open market transactions. The acquisition period spanned from March 18, 2026, to March 20, 2026, with formal disclosure submitted on March 20, 2026.

Transaction Details:	Information
Shares Acquired:	32,307 equity shares
Face Value:	Rs. 2.00 per share
Transaction Period:	March 18-20, 2026
Mode of Acquisition:	Open Market
Acquirer Status:	Promoter Group Member
Disclosure Date:	March 20, 2026

Shareholding Position Changes

Following the acquisition, Goenka's total shareholding in GAMCO LIMITED has increased to 1,204,256 equity shares, representing 2.23% of the company's issued and paid-up equity share capital. The percentage holding has increased from 2.17% to 2.23%, reflecting a gain of 0.06 percentage points.

Shareholding Summary:	Before Acquisition	After Acquisition
Number of Shares:	1,171,949	1,204,256
Percentage Holding:	2.17%	2.23%
Voting Rights:	2.17%	2.23%
Percentage Change:	-	+0.06%

Regulatory Compliance Framework

The disclosure was made in strict compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal disclosure was submitted to both BSE Limited and GAMCO LIMITED on March 20, 2026, with digital signatures confirming authenticity and regulatory compliance.

Compliance Details:	Status
Regulation:	SEBI SAST Regulation 29(2)
Stock Exchange:	BSE Limited (Scrip Code: 540097)
Encumbrances:	Nil
Additional Voting Rights:	Nil
Convertible Securities:	Nil
Warrants:	Nil

Company Capital Structure

GAMCO LIMITED's equity share capital remains unchanged at Rs. 10,80,63,000.00 consisting of 5,40,31,500 equity shares of Rs. 2.00 each. The company's shares are listed on BSE Limited under scrip code 540097, with no changes to the overall capital structure following this acquisition.

The transaction involved no encumbrances on the acquired shares, no voting rights acquired other than through shares, and no warrants or convertible securities. The acquirer confirmed compliance with all applicable SEBI SAST Regulations throughout the acquisition process, with complete documentation submitted to relevant authorities.