Gujarat Gas Limited has informed the Exchange regarding allotment of 622714719 securities pursuant to Scheme of Arrangement/Amalgamation approved by the Board of Directors on May 16, 2026
GUJGASLTD · price
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Gujarat Energy Limited (formerly Gujarat Gas Limited) has allotted 622,714,719 equity shares of INR 2 each to shareholders of GSPC (35,20,17,714 shares) and GSPL (27,06,97,005 shares) as per the share exchange ratio under the Composite Scheme of Amalgamation and Arrangement. The scheme involves merger of GSPC, GSPL, and GSPC Energy Limited into Gujarat Energy Limited, with GSPL Transmission Limited as the resulting company. Fractional entitlements have been consolidated and will be sold on the stock exchange, with proceeds distributed to eligible shareholders. The company will apply for credit of shares to demat accounts and listing on exchanges.
Shareholders of GSPC and GSPL have received shares in Gujarat Energy Limited as part of this major consolidation. The listed entity (now Gujarat Energy Limited) has absorbed the transferor companies, significantly expanding its share capital and shareholder base.