GSPL Transmission allots shares to Gujarat Energy shareholders under composite scheme
GUJENERGY · price
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The Board of GSPL Transmission Limited approved allotment of 31,27,43,617 equity shares (face value Rs 10 each) to the shareholders of Gujarat Energy Limited, pursuant to a Composite Scheme of Amalgamation and Arrangement involving GSPC, GSPL, and GSPC Energy (transferors), Gujarat Energy (transferee/demerged company), and GTL (resulting company). Allotment was based on the record date of 2 July 2026 under Sections 230-232 of the Companies Act, 2013. GTL will apply to NSE and BSE for listing, and allotted shares will remain frozen in depositories until listing and trading permission is granted.
Eligible shareholders of Gujarat Energy will receive about 31.27 crore shares of GSPL Transmission. Shares are frozen until listing approval, after which liquidity and stock price discovery begin.