Gujarat Gas Limited
Gujarat Gas Limited (GGL) is a government company. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India. The business of natural gas involves distribution of gas from sources of supply to centres of demand and to end customers.GGL caters to its customers by providing CNG and PNG connections in domestic, Industrial, Commercial and Non commercial segments…
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Gujarat Energy (GEL) shareholders will receive 1 GSPL Transmission (GTL) share (₹10 paid-up) for every 3 GEL shares (₹2 paid-up) held. This corporate arrangement unlocks value for investors.
Gujarat Energy (GEL) has completed its Scheme of Arrangement. 62.27 Cr new equity shares (INR 2 FV) were allotted to GSPC & GSPL shareholders per approved ratios and are now listed on exchanges. #GEL #CorporateAction
Gujarat Gas Limited will rebrand as GUJARAT ENERGY LIMITED, with its symbol changing to GUJENERGY from July 1. This signals a strategic shift.
Gujarat Energy (GEL) shareholders will receive 1 equity share of GSPL Transmission (face value Rs. 10) for every 3 GEL shares (face value Rs. 2) held. This corporate restructuring scheme impacts shareholder holdings.
Gujarat Energy (GEL) received approval to list 62.27 Cr new equity shares (₹2 each) issued under its Scheme of Amalgamation. These shares are now tradable. Separately, 37.29 Cr shares held by GSPL were cancelled due to cross-holding.