GeeCee Ventures exceeds threshold with PWIL and Vedanta investments

Mumbai-based GeeCee Ventures (BSE:GEECEE) has announced strategic acquisitions in Precision Wires India Limited (PWIL) and Vedanta Limited, exceeding the threshold specified in Regulation 30(4)(i)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company invested INR62.41 Lakhs in PWIL, acquiring 44,023 equity shares, bringing its total investment in PWIL to INR196.55 Lakhs. Additionally, GeeCee Ventures invested INR199.48 Lakhs in Vedanta Limited, acquiring 50,000 equity shares. Following the PWIL acquisition, GeeCee Ventures holds 142,500 equity shares, representing approximately 0.08% of PWIL's paid-up capital. The investments are part of GeeCee Ventures' investment activity and were executed through open market purchases. The company has informed the Bombay Stock Exchange and National Stock Exchange of India about these transactions.