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Gujarat State Petronet Limited ( (IN:GSPL) ) has shared an announcement.
Gujarat State Petronet Limited has informed shareholders that India’s Ministry of Corporate Affairs has approved a composite scheme of amalgamation and arrangement involving Gujarat State Petroleum Corporation, Gujarat State Petronet, GSPC Energy, Gujarat Gas and GSPL Transmission. The scheme includes the amalgamation of the three transferor companies into Gujarat Gas and the subsequent demerger of the gas transmission business into GSPL Transmission, reshaping the group’s corporate and operational structure.
Following this approval, the boards of Gujarat Gas, GSPC and Gujarat State Petronet have set 12 May 2026 as the record date to determine GSPL and GSPC shareholders eligible to receive equity shares of Gujarat Gas under the scheme. The issuance and allotment of Gujarat Gas shares to eligible GSPL shareholders are expected to align ownership with the reorganised businesses, potentially affecting shareholder value, liquidity in Gujarat Gas stock and the strategic positioning of the group’s transmission and gas distribution operations.
More about Gujarat State Petronet Limited
Gujarat State Petronet Limited is a Gujarat-based natural gas transmission company under the GSPC Group, operating pipeline infrastructure that connects gas sources to industrial, commercial and other consumers. Through associated entities such as GSPL Transmission Limited and Gujarat Gas Limited, it is part of a broader integrated gas value chain in western India, spanning transmission and city gas distribution services.
Average Trading Volume: 74,629
Technical Sentiment Signal: Hold
Current Market Cap: 160.8B INR
See more data about GSPL stock on TipRanks’ Stock Analysis page.