Transaction Details
- Previous Intimations: This disclosure is in continuation to earlier intimations dated 26th March 2026, 29th May 2026, and 15th July 2026 regarding the execution of the Securities Subscription and Purchase Agreement (SSPA)
- Transaction Completion: The company completed the transfer of entire equity stake in VAPL to BREP Asia III India Holding Co II Pte. Ltd., an entity owned by funds managed and/or advised by affiliates of Blackstone Inc.
- Completion Date: 3rd August 2026
- Agreement Date: 26th March 2026
- Consideration: ₹158,030,000
Subsidiary Status
Subsequent to this transaction, VAPL ceases to be the wholly owned subsidiary of GAMCO LIMITED.
Financial Impact Assessment (Annexure A)
Based on consolidated financial statements for FY 2025-26:
- Turnover Contribution: Nil
- Net Worth Contribution: ₹(75.54) lakhs (negative)
Counterparty Details
- Buyer: BREP Asia III India Holding Co II Pte. Ltd.
- Buyer Affiliation: Entity owned by funds managed and/or advised by affiliates of Blackstone Inc.
- Promoter Connection: The buyer does not belong to a promoter/promoter group
- Related Party Transaction: No