GAMCO Limited's Board approved the draft Share Purchase & Subscription Agreement for selling 100% equity in its non-material wholly-owned subsidiary, Visco Advisory Private Limited (VAPL), on January 19, 2026. The company also formed a Finance Committee to finalize the deal. This follows earlier board and shareholder nods, streamlining GAMCO's structure without financial impact.
The Board meeting on January 19, 2026, marked progress in GAMCO's plan to offload VAPL, initially greenlit on October 14, 2025, and shareholder-approved via EGM on November 5, 2025. VAPL contributes no income and holds negligible net worth, ensuring minimal effect on GAMCO's consolidated position. The draft agreement sets the stage for execution soon, with VAPL ceasing as a subsidiary post-transaction.
Key Highlights
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Approved draft Share Purchase & Subscription Agreement for 100% VAPL stake disposal
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VAPL confirmed as non-material subsidiary with nil revenue impact
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Formed Finance Committee: Mr. Dinesh Arya (Independent Director), Mr. Rajeev Goenka (Managing Director), Mr. Dipak Sundarka (Whole-time Director)
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Committee empowered to negotiate terms, execute deal, and handle necessities
Sources: BSE filings via Economic Times, ScanX, Marketscreener, Rediff Money, GAMCO Investor Relations