Record Date 3 fixed for GTL share allotment under demerger scheme

Demerger Ratio AnnouncedStrategic Transactions View source PDF

GUJENERGY · price

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▲ 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

-4.3%1-day move

₹344.90

prior close

₹343.80

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0-1.4-1.4-1.0-4.3-1.4-13.0-13.6-14.3-16.8-21.0———

Up moveDown movePending

AI summary

Gujarat Energy (formerly Gujarat Gas) has fixed July 2, 2026 as Record Date 3 for its composite scheme of arrangement. Shareholders will get 1 GTL share (face value INR 10) for every 3 GEL shares (face value INR 2) held. The MCA sanctioned the scheme on April 17, 2026, effective May 1, 2026. GTL shares will be listed on BSE and NSE.

Likely market impact

Shareholders of GEL on record date July 2 will receive GTL shares at 1:3 ratio; GTL listing pending approvals.