GeeCee Ventures Limited acquired 2,269 equity shares of Precision Wires India Ltd (PWIL) on April 24, 2025.
The acquisition was made through open market purchase for ₹ 3.24 lakhs.
This acquisition is part of the company's investment activity.
Following this purchase, GeeCee Ventures' total holding in PWIL is 1,44,769 equity shares.
The total cost of investment in PWIL now stands at ₹ 199.79 lakhs.
This transaction caused the total investment in PWIL to exceed the threshold specified under Regulation 30(4)(i)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The total holding of 1,44,769 equity shares is equivalent to 0.08% of the paid-up capital of PWIL.
PWIL is a listed entity manufacturing winding wires. For FY 2023-2024, PWIL reported a turnover of ₹ 3,30,169.11 lakhs and Profit After Tax of ₹ 7,285.38 lakhs.
The acquisition is not a related party transaction and does not require governmental or regulatory approvals.
The indicative time period for completion of the acquisition is April 25, 2025.