GAIL Achieves Full Ownership of Konkan LNG Ltd After NCLT Sanctions Capital Reduction Scheme
GAIL (India) Limited has successfully completed the reduction of equity share capital in its subsidiary, Konkan LNG Limited (KLL), following a sanction by the National Company Law Tribunal (NCLT). The scheme involved the cancellation and extinguishment of existing equity shares.The NCLT sanctioned the Scheme for Reduction of Equity Share Capital on June 3, 2026. A certified true copy of the order was subsequently received on June 10, 2026.
Prior to the reduction, KLL possessed a substantial share capital, part of which was held by GAIL and MSEB Holding Company Limited (MSEB). The scheme addressed the cancellation and extinguishment of 14,81,10,440 equity shares forming part of KLL's issued, subscribed, and paid-up equity share capital.
Of the total reduction, 7,40,55,220 equity shares valued at Rs.10 each were held by GAIL.
The implementation of this restructuring resulted in a significant shift in company control. As a consequence of the scheme, MSEB's shareholding in KLL has been reduced to Nil. This transaction ensures that GAIL now holds 100% of the equity share capital in Konkan LNG Limited.
Key details of the ownership transition and reduction are summarized below:
| Metric | Detail |
|---|---|
| Subsidiary | Konkan LNG Limited (KLL) |
| Event | Reduction of Equity Share Capital |
| NCLT Sanction Date | June 3, 2026 |
| Total Shares Extinguished | 14,81,10,440 equity shares |
| GAIL Holdings (pre-scheme) | 7,40,55,220 equity shares of Rs.10 each |
| Post-Scheme Stake (MSEB) | Reduced to Nil |
| Post-Scheme Stake (GAIL) | Increased to 100% of equity share capital |
GAIL Stock Price Movement
Today, shares of GAIL (India) Limited edged higher in the close, settling at ₹168.01 after rallying by 0.36% in post-market trading. The equity saw steady interest throughout the day, reporting a total traded volume of 11.36 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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