Amalgamation/Merger

Mahanagar Gas Limited (MGL) has approved a Scheme of Merger with its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL). This merger, aimed at consolidating their city gas distribution businesses, is expected to enhance operational efficiencies, reduce costs, and optimize resource utilization.

It will not affect MGL’s financials or its shareholding pattern, as no shares will be issued during the process.

Necessary regulatory approvals are pending.