GAIL (India) Limited has informed the Exchange about General Updates
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GAIL (India) Limited has signed a Share Subscription cum Shareholders Agreement with TruAlt Bioenergy Limited (TBL) and Leafiniti Bioenergy Private Limited (LBPL) on August 11, 2025. GAIL will take a 49% equity stake in LBPL, while TBL will hold the remaining 51%, making LBPL a joint venture between the two companies. The purpose is to set up new Compressed Bio Gas (CBG) projects through LBPL. GAIL will get strong governance rights including the right to nominate 2 of 4 directors, appoint the first Chairman, nominate the CFO, and hold first right of refusal and tag-along rights on any share sale by TBL. The investment is subject to completion of condition precedents and DIPAM (government) approval, with a 5-year lock-in period.
This is a strategic push by GAIL into the green energy/CBG space, diversifying beyond its core gas business. For shareholders, it signals the company's commitment to bioenergy but the deal is not yet final and remains subject to government and regulatory clearances, so near-term financial impact is limited.