Announced Fri, 10 Jul · 18:27 IST
GAIL becomes 100% owner of Konkan LNG after NCLT-backed capital reduction
Regulatory & Legal View source PDF
GAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹173.45
prior close
₹172.84
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.2-0.3-0.5-1.2-0.2-1.1-1.3-0.3-0.4————
Up moveDown movePending
AI summary
GAIL informed exchanges that the NCLT order dated 3 June 2026 approving reduction of equity share capital of Konkan LNG Limited (KLL) has been implemented. Consideration was paid to GAIL and MSEB on 6 July 2026. An aggregate of 14,81,10,440 equity shares of Rs 10 each were cancelled, including 7,40,55,220 shares held by MSEB and 7,40,55,220 held by GAIL. As a result, MSEB holding in KLL reduced to Nil and GAIL shareholding increased to 100 percent of KLL equity capital.
Likely market impact
Positive for GAIL: full ownership of subsidiary KLL simplifies group structure and gives GAIL complete control over KLL assets and decisions.