Godawari Power board nod acquisition of stake

Godawari Power and Ispat at its meeting held on November 19, has approve to acquire up to 51% equity stake on fully diluted basis in Jammu Pigments Limited (JPL) for a consideration of Rs.255.00 Crores in one or more trenches.

JPL is engaged in the Business of Recycling of NonFerrous Metals with operations covering recycling of Lead Acid Batteries and other Secondary Lead waste. The company and its subsidiaries are also equipped to process complex mixtures of Industrial waste of non-ferrous metals.

At 12.37 pm, Godawari Power and Ispat was trading at Rs. 189.85, up by 1.44%, with a volume of 0.75 lakh shares on the BSE.