GAIL (India) Limited — Important, 08-04-2025: Updates

GAIL has incorporated a wholly owned subsidiary, GAIL Global IFSC Limited, in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). The subsidiary has an authorized share capital of ₹17 crore, with an initial paid-up capital of ₹8.5 crore. The new entity will engage in Global/Regional Corporate Treasury activities and/or Ship Leasing activities, enhancing GAIL's operational scope. Notably, the formation of this subsidiary has received the necessary approval from the Ministry of Petroleum & Natural Gas, ensuring a smooth establishment process. This strategic move positions GAIL to capitalize on opportunities within the financial services sector, suggesting a positive outlook for its expansion initiatives.