10-Jul-2026 18:28:53
GAILAcquisition and merger
GAIL (INDIA) LIMITED : STEP-DOWN SUBSIDIARY KLL EQUITY CAPITAL REDUCED PURSUANT TO NCLT ORDER
• Pursuant to NCLT Order dated 03.06.2026, Konkan LNG Limited (KLL) implemented a scheme for reduction of its equity share capital. • GAIL received consideration on 06.07.2026 from KLL. • MSEB Holding Company Limited (MSEB) also received consideration from KLL on 06.07.2026. • Upon payment, an aggregate of 14,81,10,440 equity shares of ₹10 each in KLL stood cancelled. • This included 7,40,55,220 shares held by GAIL and 7,40,55,220 shares held by MSEB. • Consequently, MSEB's holding in KLL reduced to nil, and GAIL's shareholding increased to 100% of KLL's equity share capital.
Gail (India) Ltd
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