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Mahanagar Gas Ltd ( (IN:MGL) ) just unveiled an announcement.
Mahanagar Gas Limited has announced the effective date for the amalgamation of its wholly-owned subsidiary, Unison Enviro Private Limited, into the parent company. This merger, approved by the National Company Law Tribunal, is effective as of August 16, 2025, and results in the dissolution of Unison Enviro without winding up. The authorized share capital of Mahanagar Gas Limited has been amended to reflect the merger, indicating potential growth and expansion opportunities for the company. This strategic move is expected to streamline operations and enhance the company’s market positioning, benefiting shareholders and stakeholders.
More about Mahanagar Gas Ltd
Mahanagar Gas Limited operates in the energy sector, focusing primarily on the distribution of natural gas. The company provides piped natural gas to domestic, commercial, and industrial sectors, as well as compressed natural gas for vehicles, primarily serving the Mumbai region and surrounding areas.
Average Trading Volume: 26,342
Technical Sentiment Signal: Buy
Current Market Cap: 130B INR
See more insights into MGL stock on TipRanks’ Stock Analysis page.