Gujarat Apollo Approves ₹37.63 Crore Credo Stake Sale To Naman Patel

Board approved, subject to shareholder approval, the sale of Gujarat Apollo’s 17.96% stake in Credo Advanced Chemicals to non-related party Naman Madhav Patel for ₹37.63 crore. Completion is expected within 90 days of approval, providing a significant potential cash inflow relative to the company’s scale.