Geecee Ventures Limited has increased its investment portfolio by acquiring 77,500 equity shares in GMR Power and Urban Infra Limited (GPUIL) for ₹0.77 crores. This strategic purchase, executed via open market, raises the total holding in GPUIL to 3,78,000 equity shares, constituting 0.05% of the paid-up share capital. The cumulative investment in the entity now stands at ₹3.89 crores, crossing the threshold specified in Regulation 30(4)(i)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The transaction was confirmed on June 29, 2026, at 03:41 p.m. The consideration was paid in cash, with the cost of acquisition recorded at ₹0.77 crores and the price per share at ₹99. The shares are deemed to be credited on June 30, 2026. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with SEBI regulations.

Target Entity Overview

GMR Power and Urban Infra Limited (GPUIL) operates within the power generation sector and is listed on both BSE and NSE. Incorporated on May 17, 2019, the entity functions as a global infrastructure conglomerate with interests in Energy, Road, Smart Meter Infrastructure, and Urban Infrastructure. Its operational presence is primarily in India, with extensions to Nepal, Indonesia, and Dubai through subsidiaries and associates.

Financial Performance

GPUIL has demonstrated significant scale in operations, with an authorised capital of ₹550 Crores and a paid-up capital of ₹390.51 Crores. The company manages a commissioned capacity of approximately 2,840 MWs across coal, gas, and renewable power plants, with an additional 1,775 MWs under development. Its energy portfolio utilizes a mix of merchant sales and long-term Power Purchase Agreements (PPAs).

Turnover History (in ₹ Crores)

The target entity reported a turnover of ₹367.28 Crores for FY 2025-26, compared to ₹480.89 Crores in the previous fiscal year. Profit After Tax (PAT) stood at a loss of ₹149.57 Crores for FY 2025-26, contrasting with a profit of ₹746.60 Crores in FY 2024-25. The investment by Geecee Ventures is classified as a miniscule part of its broader investment activities.

Geecee Ventures Limited has approved the sale of a 15% stake in its subsidiary, Geecee Business Private Limited (GCBPL), for an aggregate consideration of Rs 1,53,72,000. The Board of Directors at its meeting on June 26, 2026, sanctioned the disinvestment of 6,300 fully paid-up equity shares to two buyers. This strategic move aims to optimize the company's portfolio and enhance operational focus.

The transaction involves the sale of 3,150 equity shares each to New Age Energy India Private Limited (NAEIPL) and Singularity Holdings Limited (SHL). Both buyers are members of the promoter group, classifying the deal as a related party transaction. The consideration of Rs 1,53,72,000 will be shared equally, with each buyer paying Rs 76,86,000. The sale is based on a valuation report by an independent third-party valuer and is being conducted on an arm's length basis.

Upon completion of the sale, Geecee Ventures will retain a 48% stake in GCBPL, holding 20,160 fully paid-up equity shares. Consequently, GCBPL will cease to be a subsidiary and will be reclassified as an associate company. The transaction is expected to be finalized within a week from the date of the board meeting, subject to the terms of the Share Purchase Agreement.

The Audit Committee and the Board of Directors have approved the transaction. The details of the sale were disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial contribution of GCBPL to Geecee Ventures for the last financial year was minimal. The subsidiary contributed Rs 35,59,348 in income and had a net worth of Rs 4,71,38,413.