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.

Geecee Ventures Limited has acquired 97,500 equity shares in GMR Power and Urban Infra Limited (GPUIL) for ₹0.98 crores through an open market purchase. This transaction takes the total investment in GPUIL to ₹3.12 crores, thereby exceeding the threshold specified in Regulation 30(4)(i)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The investment was made as part of the company's investment activity and represents a miniscule part of its portfolio.

The acquisition was executed at a price of ₹101.1 per share. Following this purchase, the company holds a total of 3,00,000 fully paid-up equity shares in GPUIL, which constitutes 0.04% of the target entity's paid-up capital. The shares are deemed to be credited on June 22, 2026. The consideration for the acquisition was paid in cash, and no governmental or regulatory approvals were required for the transaction.

GMR Power and Urban Infra Limited operates in the power generation sector and is listed on both BSE and NSE. The entity reported a turnover of ₹367.28 crores and a loss after tax of ₹149.57 crores for FY 2025-26. In the previous fiscal year FY 2024-25, it recorded a turnover of ₹480.89 crores and a profit after tax of ₹746.60 crores. The target entity has an authorised capital of ₹550 crores and a paid-up capital of ₹390.51 crores.

Financial Details of GMR Power and Urban Infra

Transaction Overview

The disclosure was submitted to the exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the acquisition does not fall within related party transactions and that the promoter group has no interest in the entity being acquired.