Announced Wed, 8 Jul · 23:31 IST
GSPL Transmission allots 31.27 crore shares to GEL shareholders under demerger scheme
GUJENERGY · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹286.95
prior close
₹290.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.5-0.5-0.9+0.9+0.0-0.8-0.3+0.7-5.0————
Up moveDown movePending
AI summary
Gujarat Energy Limited (formerly Gujarat Gas) shareholders have been allotted 31,27,43,617 equity shares of face value Rs 10 each by GSPL Transmission Limited (GTL) under a Composite Scheme of Arrangement. The allotment, based on the share exchange ratio prescribed in the scheme, was made to shareholders on record date 2 July 2026. The scheme involves GSPC, GSPL, GSPC Energy, GEL, and GTL. GTL will apply for listing on NSE and BSE; shares will remain frozen until trading permission is granted.
Likely market impact
Eligible GEL shareholders will receive GTL shares as part of the demerger; listing pending, shares frozen till then.