GAIL Subsidiary Konkan LNG Completes Equity Reduction

Konkan LNG Limited (KLL), a subsidiary of GAIL (India) Limited, has successfully completed a Scheme for Reduction of Equity Share Capital sanctioned by the National Company Law Tribunal (NCLT). The scheme involved the cancellation and extinguishment of 14,81,10,440 equity shares. Following the implementation, GAIL's shareholding in KLL will increase to 100%, with MSEB Holding Company Limited's stake reduced to nil. This corporate action streamlines KLL's capital structure and consolidates GAIL's ownership.