- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
GOCL Corporation Limited has announced a board meeting approving the sale of its entire stake in subsidiary IDL Explosives Limited to Apollo Defence Industries Private Limited for Rs.107 Cr. IDL Explosives accounts for 87% of GOCL’s consolidated revenue but contributes minimally to its net worth. The transaction is subject to shareholder approval and regulatory clearances, with completion expected within a few months. This divestment signals a major strategic shift by shedding the subsidiary that drives most of GOCL’s revenue.