GAIL (India) Ltd. Invests in GAIL Global (USA) Inc.
GAIL (India) Ltd. announced on March 25, 2026, that its Board of Directors approved an equity investment in its wholly-owned subsidiary, GAIL Global (USA) Inc. (GGUI). The investment will be used primarily to reduce GGUI's outstanding loan obligations for its shale assets in the Eagle Ford basin, Texas, USA.GGUI, incorporated in the USA, had a standalone turnover of US$7.6 million for the calendar year 2025, US$11.6 million for 2024, and US$10.7 million for 2023. The company currently holds a 20% ownership in shale assets within the Eagle Ford basin.
The Board approved the equity investment as a cash consideration for subscription and authorized an investment of up to US$64 million in one or more tranches. GGUI will receive the equity capital from time to time. The acquisition does not fall under related party transactions.
The Board meeting, which took place on March 25, 2026, commenced at 6:30 p.m. and concluded at 8:35 p.m.
Deutsche Bank AG and Beacon Trusteeship Limited were copied on the announcement.
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