GSPL Transmission Limited Fixes Record Date as Composite Scheme of Amalgamation Advances
Gujarat Energy Limited has announced that it, along with other entities involved in a major amalgamation scheme, has set the Record Date 3 for its shareholders regarding the allotment of shares in GSPL Transmission Limited. The composite arrangement involves several state-level corporations and is designed to effect an amalgamation among the concerned parties.The Scheme encompasses Gujarat State Petroleum Corporation Limited (Transferor Company 1), Gujarat State Petronet Limited (Transferor Company 2), GSPC Energy Limited (Transferor Company 3), Gujarat Gas Limited (now operating as Gujarat Energy Limited, the Transferee Company), and GSPL Transmission Limited (GTL, the Resulting Company).
The Scheme, which came into effect on May 1, 2026, was sanctioned by the Ministry of Corporate Affairs. The fixation of the Record Date is necessary to determine the shareholders of Gujarat Energy Limited who are entitled to receive equity shares of the Resulting Company (GSPL Transmission Limited).
The designated Record Date 3 has been set for Thursday, July 2, 2026. This date will be used to allocate the new equity shares based on the prescribed exchange ratio outlined in the Scheme.
As per the terms of the amalgamation, the shareholder exchange ratio is fixed at 1 (One) fully paid up Equity Share of Rs. 10/- each in the Resulting Company for every 3 (Three) fully paid up Equity Shares of Rs. 2/- each held by shareholders in Gujarat Energy Limited.
The Equity Shares proposed to be allotted by GSPL Transmission Limited under this Scheme are expected to be listed on the Bombay Stock Exchange and the National Stock Exchange of India, subject to the receipt of requisite regulatory approvals.
GUJGASLTD Stock Price Movement
Shares of Gujarat Gas Limited today slipped by 2.70% to close at ₹388.45, down ₹10.80 from the previous closing price. The stock traded throughout the day within a range of ₹385.05 and ₹397.10, with 1.13 million shares recorded in trading volume.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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