GeeCee Ventures has made an investment of Rs 3.45 crore in Adani Enterprises (AEL) by acquiring 15,000 Equity Shares through open market purchase. The company as part of its investment activity has invested in AEL. This investment is a miniscule part of the investment portfolio of the company.
The company was holding 30,912 Equity Shares in AEL and the company made further investment of Rs. 3.45 crore by purchasing 15,000 equity shares equivalent to 0.00% of paid up capital of AEL. Thereby, the total cost of investment in equity shares of AEL exceeds the threshold specified in Regulation 30(4)(i)(c) of SEBI (LODR) Reg. 2015.
GeeCee Ventures (Formerly Gwalior Chemical Industries) engaged in the development of residential housing cum commercial projects.
