Gamco Ltd Approves Complete Disposal of 100% Equity in Visco Advisory

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Gamco Ltd has approved the disposal of its entire 100% equity stake in Visco Advisory, marking a significant strategic divestment. This decision aligns with Gamco’s renewed focus on core financial and related services while optimizing its asset portfolio to unlock shareholder value amid market and business realignments.

Gamco Limited, a diversified financial services company previously known as Visco Trade Associates Limited, has officially approved the disposal of its entire 100% equity holding in Visco Advisory. This disposal signals a strategic shift by Gamco to streamline its operations and focus on core competencies in asset curation and financial services.

The decision was ratified by Gamco’s Board of Directors following due process, with the disposal expected to help the company optimize its business structure and strengthen financial flexibility. This move is part of Gamco’s broader strategy to unlock value from non-core investments while enhancing operational efficiencies.

Visco Advisory, a wholly owned subsidiary, has operated within the financial advisory and related services sector. Gamco's exit from this business reflects its intent to sharpen business focus and possibly reinvest proceeds into growth-oriented initiatives aligned with market demand.

Notable Updates:

Gamco Ltd approves 100% equity stake disposal in Visco Advisory.
Strategic divestment aimed at focusing on financial and asset management businesses.
Disposal aligns with Gamco’s objective to streamline operations and unlock shareholder value.
Visco Advisory has been a key subsidiary involved in advisory service offerings.
Transaction expected to enhance Gamco’s financial flexibility and business agility.
Reflects market trends favoring portfolio optimization and concentration on core strengths.
Board approval obtained after comprehensive review and due diligence.
Gamco continues to innovate in asset curation strategy within financial services.

This development marks a key milestone in Gamco’s transformation journey, reflecting prudent corporate governance and strategic asset management in a changing business landscape.

Sources: Gamco Ltd corporate announcements, BSE disclosures, business reports.

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