GSB Finance
36.89
-0.75(-1.99%)
Market Cap₹- Cr
PE Ratio-
Company Performance:
1D-1.99%
1M-2.92%
6M+29.48%
1Y+30.35%
5Y+631.94%
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More news about GSB Finance
25Sept 25
Multiple Acquirers Launch Open Offer for GSB Finance at ₹21.44 Per Share
Four acquirers have announced an open offer to purchase up to 26% of GSB Finance Limited's voting share capital from public shareholders at ₹21.44 per share. This follows a share purchase agreement where the acquirers agreed to buy a 55.25% stake from the company's promoter shareholders at ₹13.00 per share. The open offer, if fully subscribed, could increase the acquirers' stake to 81.25%. The tendering period is set for September 30 to October 14, 2025, with regulatory approval obtained from the Reserve Bank of India.
19Sept 25
GSB Finance Limited Issues Public Notice for Management Change Following RBI-Approved Acquisition
GSB Finance Limited, a non-banking financial company, has issued a public notice regarding an upcoming management change due to an RBI-approved acquisition. The notice, published in Financial Express and Mumbai Lakshdeep on September 19, 2025, complies with RBI's Master Direction - Scale Based Regulations. It seeks objections from affected parties and follows earlier communications to BSE Limited about the acquisition of shares. This marks a significant step in the acquisition process, potentially impacting stakeholders including shareholders, employees, and customers.
12Sept 25
RBI Approves 55.25% Stake Acquisition in GSB Finance Limited
The Reserve Bank of India (RBI) has approved the acquisition of a 55.25% stake in GSB Finance Limited by a new promoter group including Vivek Kumar Singhal, Kshitij Agarwal, Nivesh Mandi Private Limited, and Stock Mandi. The approval comes with conditions such as immediate reporting of the new shareholding structure, a 30-day prior public notice, completion within one year, and maintaining regulatory compliance. The acquirers need RBI approval if their shareholding falls below 26% post-transaction.
GSB Finance
36.89
-0.75
(-1.99%)
1 Year Returns:+30.35%
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