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Gujarat Petrosynthese informs about company updates

20 Mar 2020 Evaluate

With reference to the board meeting held on 15th March, 2019, where the Company had passed a board resolution for approval of sale of shares held in the wholly owned subsidiary named GPL Finance & Investments (GPLFIL) to White Oak Investment Management subject to the approval of the Reserve Bank of India (RBI), Gujarat Petrosynthese has informed that the Company has received prior approval of RBI for such change in control and management of GPLFIL on 18 March 2020 whereby White Oak Investment Management and its nominee shareholders (collectively White Oak) would acquire 99% of the equity shares of GPLFIL from the Company and its nominees within 60 days of receipt of approval from RBI which is annexed herewith to the letter.

The above information is a part of company’s filings submitted to BSE.

Guj. Petrosynthese Share Price

53.00 -1.13 (-2.09%)
05-Aug-2026 13:23 View Price Chart
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