Gujarat Alkalies and Chemicals Limited — Important, 29-03-2025: Updates

Gujarat Alkalies and Chemicals Limited has disclosed its acquisition of shares in Gujarat Industries Power Company Limited, detailing a preferential allotment. The company has increased its holding from approximately 2.30 crore (cr) shares (15.27% of total voting capital) to about 2.50 crore (cr) shares, representing 16.15% post-acquisition. This transaction involved the acquisition of 1.98 crore (cr) shares, enhancing its strategic position in the target company. The equity share capital of the target company increased from Rs. 1,51,25,11,500 to Rs. 1,55,21,59,440 following this acquisition. Notably, this strategic move could bolster Gujarat Alkalies’ influence and operational capacity in the energy sector.