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Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013.Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity…
ABC Ltd. promoter Mr. X acquired 15,00,000 shares, valued at approximately ₹7.5 crore. This acquisition increased his shareholding from 10.05% to 10.25%. Such insider activity often indicates a promoter's confidence in the company's prospects.
GSPL announced its amalgamation into Gujarat Gas (GGL). Shareholders will receive 10 GGL shares (INR 2/- each) for every 13 GSPL shares (INR 10/- each). Trading in GSPL shares will be suspended. Post-merger, a gas transmission business demerges into GSPL Transmission.
The Composite Scheme of Arrangement is effective. GSPC, GSPL, and GSPC Energy have amalgamated into Gujarat Gas. The Gas Transmission Business demerged into GSPL Transmission. This significantly reorganizes the group structure.
GSPL has fixed May 12, 2026, as the Record Date for its Composite Scheme of Arrangement. Shareholders of GSPL on this date will receive 10 Equity Shares of GGL (face value INR 2) for every 13 Equity Shares of GSPL (face value INR 10) they hold. Post-May 12, GSPL shares...
GSPL Board noted MCA approval for its Composite Scheme of Arrangement. A Record Date of May 12, 2026, is set for shareholders to receive 10 GGL shares for every 13 GSPL shares held. GSPL trading will halt from this date.