Geecee Ventures Limited has completed the payment of first and final call on its partly paid shares of Bharti Airtel Limited, making a cash payment of ₹9.27 crores through the ASBA mechanism. The company disclosed this transaction to stock exchanges under regulatory compliance requirements on March 13, 2026.

Payment Details and Share Conversion

The company made the payment for 2,30,976 partly paid-up equity shares of Bharti Airtel Limited at ₹401.25 per share, totaling ₹9,26,79,120. The amount was blocked through the ASBA mechanism in the company's bank account on March 13, 2026 at 5:00 PM.

Regulatory Compliance and Disclosure

Geecee Ventures Limited submitted the disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The transaction was reported to both BSE Limited (Scrip Code: 532764) and National Stock Exchange of India Limited (Symbol: GEECEE).

The company confirmed that this acquisition does not fall within related party transactions, and no promoter or group companies have any interest in the entity being acquired.

Investment Portfolio Context

According to the company's disclosure, this investment represents a miniscule part of Geecee Ventures' investment portfolio. Upon completion of the payment process, Bharti Airtel Limited will issue 2,30,976 fully paid-up equity shares to the company, with no change in the percentage of shareholding.

About Bharti Airtel Limited

Bharti Airtel Limited, incorporated on July 7, 1995, operates as a leading global telecommunications company across 17+ countries in South Asia and Africa. The company reported impressive financial performance with turnover of ₹1,08,943.90 crores and profit after tax of ₹23,501.80 crores for FY 2024-25.

Geecee Ventures Limited has successfully completed its final payment of Rs 1.39 crores for partly paid-up equity shares of Adani Enterprises Limited (AEL) on March 13, 2026. This payment represents the second and final call installment for the company's strategic investment in AEL shares.

Investment Details and Share Allotment

The company had initially applied for 34,000 partly paid-up equity shares of Adani Enterprises Limited at Rs 1800 per share. Following the application, AEL's Rights Issue Committee approved the allotment of 30,912 partly paid-up equity shares to Geecee Ventures.

Target Company Profile

Adani Enterprises Limited, incorporated on March 02, 1993, serves as the flagship company of the Adani Portfolio. The company operates in the trading-minerals sector and maintains a presence across India, Australia, Indonesia, Singapore, the Middle East, and parts of Southeast Asia.

Historical Performance Overview

Adani Enterprises Limited has demonstrated varying revenue performance over the past three years:

Investment Rationale and Regulatory Compliance

This investment forms part of Geecee Ventures' investment portfolio activities. The company has confirmed that this acquisition does not constitute a related party transaction, with no promoter or group company interest in the acquired entity. The total investment cost exceeds the threshold specified in Regulation 30(4)(i)(c) of SEBI (LODR) Regulations 2015, requiring mandatory disclosure to stock exchanges.

Transaction Completion

The acquisition has been completed entirely through cash consideration, with no governmental or regulatory approvals required. Geecee Ventures has now acquired 30,912 partly-paid up equity shares of AEL, representing a miniscule portion of the company's overall investment portfolio. The company completed all regulatory disclosures as required under SEBI regulations, ensuring full compliance with listing obligations.