
Corporate Action19 Jun 2026, 06:10 pm
Gujarat Gas: Record Date 3 fixed for Scheme of Arrangement share allotment
AI Summary
Gujarat Energy Limited (erstwhile Gujarat Gas Ltd) has announced Thursday, July 2, 2026, as Record Date 3 for its Composite Scheme of Amalgamation and Arrangement. This date is set by GSPL Transmission Limited (the Resulting Company) to determine the shareholders of Gujarat Energy Limited eligible for equity share allotment. The share exchange ratio is 1 fully paid-up equity share of ₹10/- each of GSPL Transmission Limited for every 3 fully paid-up equity shares of ₹2/- each held in Gujarat Energy Limited. The Scheme became effective on May 1, 2026, and the new shares will be listed on BSE and NSE.
Key Highlights
- Record Date 3 for the Scheme of Arrangement is fixed as July 2, 2026.
- Shareholders of Gujarat Energy Limited will receive shares of GSPL Transmission Limited.
- Share exchange ratio: 1 GSPL Transmission share (₹10) for 3 Gujarat Energy shares (₹2).
- The Composite Scheme of Amalgamation and Arrangement became effective on May 1, 2026.
- New equity shares of GSPL Transmission Limited will be listed on BSE and NSE.
Price Impact
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