Grand Parade Investments Limited announced that Mr. Mohsin Tajbhai has resigned as Chief Executive Officer of GPI with effect from 4 May 2023. Mohsin was appointed as CEO in 2019. He has been instrumental in leading the turnaround of GPI through the implementation of GPI's value unlock strategy which has culminated in the mandatory offer by GMB.

The mandatory offer is the last step in the value unlock strategy which has resulted in a significant value unlock for all shareholders.