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Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013.Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills.
GSPL announced its amalgamation into Gujarat Gas (GGL). Shareholders will receive 10 GGL shares (INR 2/- each) for every 13 GSPL shares (INR 10/- each). Trading in GSPL shares will be suspended. Post-merger, a gas transmission business demerges into GSPL Transmission.
GSPL has fixed May 12, 2026, as the Record Date for its Composite Scheme of Arrangement. Shareholders of GSPL on this date will receive 10 Equity Shares of GGL (face value INR 2) for every 13 Equity Shares of GSPL (face value INR 10) they hold. Post-May 12, GSPL shares...