GRP (GRPLTD) — Corporate Action

📢 Key Event
GRP completes cash rights issue acquiring 26.43% stake in BECIS Solar

🔄 What Changed
26.43% shareholding acquired in BECIS; Rs 2.60 crore cash consideration paid

🔮 What's Next
None

💡 Investor Takeaway
This investment secures long-term renewable power supply for GRP's Gujarat operations at preferential tariffs.

GRP Limited completed its cash rights issue in BECIS Solar 5 Private Limited, acquiring 2,604,8649 equity shares for Rs 2.60 crores and securing 26.43% ownership to supply solar power to its Gujarat manufacturing units at preferential tariffs.

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About GRP Limited (GRPLTD)

Fast Moving Consumer Goods · Plantation & Plantation Products · Listed on NSE

Market Cap: ₹1,050.67 Cr P/E: 185.3 ROE: 3.2% ROCE: 7.4% Div Yield: 0.18%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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