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GeeCee Ventures Pays Rs 1.39 Cr First Call for Adani Enterprises Rights Issue
GeeCee Ventures has remitted Rs 1.39 crores as the first call payment for 30,912 partly paid-up equity shares of Adani Enterprises Limited (AEL). This follows an initial application payment of Rs 2.78 crores, bringing the total paid so far to Rs 1,350 per share out of the Rs 1,800 total issue price. The total investment value is projected at approximately Rs 5.56 crores. The company stated this investment is a small part of its overall portfolio but triggered disclosure requirements due to SEBI materiality thresholds.
Key Highlights
Remitted Rs 1.39 crores for 30,912 shares of Adani Enterprises at Rs 450 per share for the first call.
Total acquisition cost for the AEL stake is estimated at approximately Rs 5.56 crores at Rs 1,800 per share.
Initial application payment of Rs 900 per share (Rs 2.78 crores) was previously completed in December 2025.
The investment is classified as a miniscule part of the company's overall investment portfolio.
Acquisition completion is pending the final payment of all outstanding call monies as per AEL's terms.
💼 Action for Investors
This is a routine disclosure of investment activity and does not significantly alter the company's fundamental value. Investors should continue to monitor the performance of GeeCee's broader investment book and core business operations.