Second tranche: 3,35,100 associate shares transferred for Rs 10.00 crore; stake falls to 38.27%
GPIL transferred 3,35,100 equity shares of associate Jammu Pigments Limited (JPL) on 13.10.2026 into the buyers' accounts.
By ScoutQuest · · 1 min read
- Shares Transferred
- 3,35,100 equity shares of associate Jammu Pigments Limited (JPL) on 13.10.2026
- Consideration Received
- Rs 10.00 Crores
- Stake After Transfer
- 38.27%, down from 39.99%
GPIL has given an update on selling a part of its holding in Jammu Pigments Limited (JPL), a company in which it is an associate.
What this latest update says
- GPIL transferred 3,35,100 equity shares of JPL on 13.10.2026 into the respective buyer's account.
- This was against consideration of Rs 10.00 Crores received.
- The update describes this as the second tranche of the transfer.
- After this second tranche concluded, GPIL's stake in JPL reduced from 39.99 % to 38.27 %.
So the company has not exited JPL. It continues to hold a little over 38% of JPL after this transfer.
The larger plan this sits inside
- The Outcome of Board Meeting dated 24.07.2026 covered partial divestment of 16,75,000 equity shares held by GPIL in JPL.
- Those shares are being sold to the promoters of JPL and/or their relatives or affiliates, at a fair value of Rs. 298.45 per share.
- The full 16,75,000 shares aggregate to Rs.49.99 Crores.
- An earlier disclosure dated 29.07.2026 reported transfer of 7,74,000 equity shares of JPL.
What a reader can take away
- The buyers here are the promoters of JPL and/or their relatives or affiliates, so this is not an open-market sale.
- The two updates together show the sale moving in tranches: 7,74,000 shares reported earlier and 3,35,100 shares now, within the 16,75,000 shares earmarked for divestment.
- The stake reduction from 39.99 % to 38.27 % reflects the shares that have actually moved into the buyers' accounts so far.
- Because JPL is an associate company and not a subsidiary, GPIL continues to hold a substantial stake in it after this transfer.
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More numbers
- JPL equity shares transferred on 13.10.20263,35,100 equity shares
- Consideration received against the second tranche transferRs 10.00 Crores
- GPIL stake in JPL after the second tranche38.27 %
- GPIL stake in JPL before the second tranche39.99 %
- JPL shares under the partial divestment plan16,75,000 equity shares
- Fair value per JPL share in the divestmentRs. 298.45 per share
- Aggregate value of the 16,75,000-share divestmentRs.49.99 Crores
- JPL shares transferred in the earlier tranche7,74,000 equity shares
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