JPL stake disposal: third tranche of ~3.67 lakh shares transferred, GPIL stake now 36.38%
GPIL has transferred ~3.67 lakh equity shares of Jammu Pigments Limited (JPL) on 03.11.2026 and received Rs 10.95 Crores for them.
By ScoutQuest · · 1 min read
- Shares Transferred (Third Tranche)
- ~3.67 lakh equity shares of Jammu Pigments Limited (JPL) transferred on 03.11.2026
- Consideration Received
- Rs 10.95 Crores
- Stake in JPL After Tranche
- fell from 38.27% to 36.38%
What the company said
GPIL has transferred ~3.67 lakh equity shares of Jammu Pigments Limited (JPL) on 03.11.2026 into the respective buyer's account, towards consideration of Rs 10.95 Crores received. This is described as the third tranche of a partial divestment in JPL, an associate company of GPIL.
The full sale plan
- Shares covered by the plan: 16.75 lakh equity shares of JPL held by GPIL
- Buyers: promoters of JPL and/or their relatives or affiliates
- Price: fair value of Rs. 298.45 per share
- Total size: Rs.49.99 Crores
- The plan was set out in the outcome of the board meeting dated 24.07.2026
Where the third tranche sits
- Third tranche: ~3.67 lakh equity shares transferred on 03.11.2026
- Consideration received for this tranche: Rs 10.95 Crores
- Two earlier transfers were disclosed on 29.07.2026 and 14.10.2026
The three transfers together account for 14,76,300 shares of the 16.75 lakh shares covered by the announced plan.
Effect on shareholding
GPIL's stake in JPL has reduced from 38.27% to 36.38% after the third tranche. JPL continues to be an associate company in which GPIL holds a stake.
How a reader can look at it
This is an update on a sale that was already decided and disclosed, not a fresh decision. The update sets out a fixed price of Rs. 298.45 per share agreed for the shares, and this tranche brought in Rs 10.95 Crores of cash for the shares transferred. What it changes for GPIL is the size of its holding in JPL, which is now 36.38%.
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More numbers
- JPL shares covered by the announced partial divestment16,75,000 equity shares
- Fair value per JPL shareRs. 298.45 per share
- Aggregate value of the announced divestmentRs.49.99 Crores
- JPL shares transferred in the third tranche3,67,200 equity shares
- Consideration received in the third trancheRs 10.95 Crores
- GPIL stake in JPL before the third tranche38.27 %
- GPIL stake in JPL after the third tranche36.38 %
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