GOCL Corporation shares in focus as promoter weighs 1% stake sale
Wed, Feb 21, 2024 9:55 AM

GOCL Corporation shares in focus as promoter weighs 1% stake sale

A Flip by Avya Verma
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GOCL Corporation's promoter Hinduja Capital is planning to lower its stake by about 1% in the company, bringing it down to about 72.83%. This move will allow GOCL to expand its business in the defence sector as it meets the necessary FDI limits. The company has been preparing to take advantage of the increased limit of 74% for FDI in the defence sector.

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