Gujarat Apollo Industries Approves ₹37.63 Crore Credo Stake Sale

Board approved sale of its investment in Credo Advanced Chemicals to Naman Madhav Patel for Rs 37.6 Cr, subject to shareholder approval. Material monetisation of a non-core investment and a significant portfolio action for the company; buyer is disclosed as non-related. Sale is targeted within 90 days of approval; valuation basis, tax impact, accounting gain and use of proceeds are not disclosed.