Rashi Goenka, a member of the promoter group of Gamco , has increased her stake in the company by acquiring 25,000 equity shares through an open market transaction. The purchase, executed on August 4, 2026, raises her total holding to 1,570,631 shares, which constitutes 2.91% of the company’s issued and paid-up equity share capital. This accumulation signals continued confidence from the promoter group in the firm’s long-term prospects.

The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to BSE Limited on August 6, 2026. Prior to this acquisition, Goenka held 1,545,631 shares, representing a 2.86% stake. The additional 25,000 shares add 0.05 percentage points to her voting rights.

Shareholding Details

The following table outlines the change in shareholding structure:

Goenka holds no encumbered shares, warrants, or convertible securities. Her entire holding consists of equity shares carrying voting rights. The total voting capital of Gamco Limited remains at ₹10,80,63,000, comprising 5,40,31,500 equity shares with a face value of ₹2 each.

Regulatory Compliance

The acquisition was conducted via the open market, as disclosed in the regulatory filing. There were no off-market transfers, preferential allotments, or rights issues involved in this transaction. The promoter group’s consolidated holding remains unencumbered, indicating no pledge on these specific shares. This filing ensures transparency regarding substantial acquisitions by persons acting in concert within the promoter group, adhering to SEBI’s takeover code requirements.

Gamco Limited has completed 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/or advised by affiliates of Blackstone Inc. The transaction, valued at ₹15.80 crore, was finalized on August 3, 2026, marking the exit of VAPL from Gamco’s consolidated group structure.

The deal follows the execution of a Securities Subscription and Purchase Agreement (SSPA) on March 26, 2026. Gamco disclosed the completion in an intimation filed with BSE Limited on August 4, 2026, under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also cited compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Transaction Details

The buyer, BREP Asia III India Holding Co II Pte. Ltd., is not part of Gamco’s promoter or promoter group. Consequently, the transaction is not classified as a related-party transaction. Gamco confirmed that the sale does not qualify as a disposal of an undertaking or substantial business activity under Regulation 37A of the SEBI LODR Regulations, as VAPL did not constitute a material business segment for the listed entity.

Financial Impact of Subsidiary

Based on consolidated financial statements for FY26, VAPL contributed nil turnover to Gamco Limited. The subsidiary reported a net worth deficit of ₹75.54 lakhs during the same period. The sale consideration of ₹15.80 crore represents a premium over the subsidiary’s book net worth, though specific gain-on-sale accounting treatment was not detailed in the filing.

What This Means

The divestment removes a non-operational asset from Gamco’s balance sheet. With VAPL contributing zero revenue and carrying a negative net worth, the transaction allows Gamco to realize liquidity from a dormant holding. The proceeds may be deployed towards core business operations or debt reduction, although management did not specify the allocation of funds in this disclosure. The completion aligns with earlier intimations issued on March 26, May 29, and July 15, 2026.