Gujarat Gas Limited to Issue 622.7 million Shares Under Scheme
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Gujarat Gas Limited (GUJGASLTD) will issue 622,714,719 equity shares under a Scheme of Arrangement, expanding its paid‑up capital by roughly 36% with no cash inflow, which will dilute existing shareholders but aims to consolidate ownership and unlock synergies.
- 622,714,719 shares (share‑for‑share exchange, INR 0 cash) approved; record date 12 May 2026; listings on NSE and BSE.
- Paid‑up capital climbs from INR 1,376,780,250 (688,390,125 shares) to INR 1,876,461,698 (938,230,849 shares).
- No new financing; liquidity unchanged, but EPS may fall until any cost synergies materialize.
- Dilution risk: ownership percentages drop proportionally, though the move consolidates ownership and could improve operational efficiency.
- Regulatory compliance satisfied (SEBI circular, Reg. 29 exemption); no AGM/EGM or floor‑price determination required.
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