Godawari Power And Ispat Ltd increases stake in Hira Ferro Alloys Ltd to 52.79%

25 October 2021

The GPIL has subscribed to the Preferential Offer made by Hira Ferro Alloys Limited (HFAL) for the second tranche of 9,00,000 equity shares at a price of Rs. 195/-per share.

Subsequent to allotment of these 9,00,000 equity shares of HFAL, the GPIL's holding in HFAL has been increased from 50.72% to 52.79% in the enhanced capital of HFAL w.e.f 22nd October, 2021.