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Gujarat Gas Ltd. ( (IN:GUJGASLTD) ) just unveiled an announcement.
Gujarat Gas Limited announced that it has published newspaper advertisements giving public notice to shareholders of Gujarat State Petroleum Corporation and Gujarat State Petronet about the fixation of a record date under a composite scheme of amalgamation and arrangement. The record date, set for 11 May 2026, will determine the eligible shareholders of these transferor companies for issuance and allotment of Gujarat Gas shares, marking a key step in implementing the approved merger and demerger structure.
The scheme involves the amalgamation of GSPC, GSPL and GSPC Energy into Gujarat Gas, as well as the demerger of the gas transmission business from Gujarat Gas into GSPL Transmission, reshaping the group’s corporate and operational structure. This move is expected to streamline the gas value chain within the group, consolidate assets and liabilities, and clarify ownership for investors, potentially strengthening Gujarat Gas’s position in the regional gas market and improving transparency for stakeholders.
More about Gujarat Gas Ltd.
Gujarat Gas Limited is a leading city gas distribution company based in Gujarat, supplying piped natural gas and compressed natural gas to industrial, commercial and residential customers. The company plays a key role in the state’s gas infrastructure ecosystem and is closely linked with group entities such as Gujarat State Petroleum Corporation and Gujarat State Petronet.
Average Trading Volume: 154,573
Technical Sentiment Signal: Hold
Current Market Cap: 273B INR
Find detailed analytics on GUJGASLTD stock on TipRanks’ Stock Analysis page.