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Business Line

Gujarat Gas: Does the scheme of arrangement add fizz to the counter?

The proposal promises to improve the operating metrics but all the positives are adequately priced in

Business Line

Gujarat Gas to merge with three state energy firms, GSPC to cease operations

Milind Torwane, Managing Director of Gujarat Gas, stated that the merger would help synergise operations and adapt to the evolving energy market

Mint

Dividend Stocks: Vedanta, Gujarat Gas, Harsha Engineering, among others to trade ex-dividend next week; Full list here

Dividend Stocks: Several companies, including Hisar Metal Industries, Jindal Worldwide, and Strides Pharma Science among others are trading ex-dividend in the coming week.

Business Standard

Gujarat Gas ends stronger after board OKs corporate re-structuring proposal

Gujarat Gas (GGL) surged 11.91% to close at Rs 678.95 on the BSE after the company's board approved a restructuring scheme that would eliminate the layered structure of the GSPC Group and unlock value for its various stakeholders.

The Economic Times

Gainers & losers: Gujarat Gas, Tata Motors among 7 stocks in limelight on Monday

The Nifty 50 rose 0.17% to 25,278.70, and the S&P BSE Sensex climbed 0.24% to 82,559.84. Here are today's most active stocks

The Economic Times

Reverse merger likely to improve profit of Gujarat Gas

Before the merger, the Gujarat government had a controlling 55% stake in GSPC. GSPC, in turn, owned 37% of GSPL, which further held a 54% stake in Gujarat Gas. GSPC primarily focuses on gas trading and exploration, with gas trading contributing significantly to its operating profit. In the fiscal year 2024, GSPC's gas trading volume reached 11 million metric standard cubic meters per day.

CNBC TV18

Gujarat Gas earnings per share will jump nearly 77% thanks to the merger

Probal Sen, Energy Analyst at ICICI Securities believes this restructuring could present a substantial upside to Gujarat Gas's share price, with a target price at ₹755.

Business Standard

Gujarat Gas stock flies 14% on merger, demerger plan; brokerages upbeat

Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.

Mint

Gujarat Gas share price skyrockets 10%, propelled by merger, demerger news: Should you Buy, Sell or Hold the stock?

Stock Market Today: Gujarat Gas share price skyrocketed more than 10% in morning trades on Monday post announcement of new arrangement. Gujarat State Petronet Corporation and Gujarat State Petroleum Corporation will be merging with Gujarat Gas. The gas transmission business thereafter to be demerged

CNBC TV18

The Marketbuzz Podcast: Can Nifty's rally extend to Day 13? PSUs in focus along with Gujarat Gas

Marketbuzz Podcast: Indian markets may see a subdued start according to the GIFT Nifty. Watch out for stocks like SJVN, NBCC, Gujarat Gas and more.

Mint

GSPC, GEL, GSPL to merge into Gujarat Gas: Significant operational changes ahead

As part of this restructuring, GGL’s Gas Transmission Business will be demerged and listed separately as GSPL Transmission Limited (GTL) on stock exchanges. The scheme also outlines specific shareholding arrangements for current shareholders of GSPL and GSPC.

Business Standard

Swan Energy likely to sell FSRU stake to Turkey's Botas for $400 million

Billionaire Nikhil Merchant-led Swan Energy Ltd has said it plans to sell its stake in a floating LNG receipt terminal to Turkey's state-run Botas for USD 399 million. The company plans to sell assets of subsidiary Triumph Offshore Pvt Ltd to Botas Trading IC, according to a regulatory filing. "The definitive documents shall be signed in due course," it said, adding the deal is likely to be completed in six months. The sale consideration of USD 399 million is to be received in multiple tranches over an unspecified period. Triumph Offshore Private Limited (TOPL) owns a 5 million tonnes a year floating storage and regasification unit (FSRU) called Vasant-1. Swan Energy holds 51 per cent in TOPL while fertiliser maker IFFCO the remaining 49 per cent. The filing did not say if IFFCO is also offloading its stake. Swan is building a liquefied natural gas (LNG) import facility at Jafrabad in Gujarat. In the initial phase, gas, which is used to make fertilizers, generate electricity and

Business Line

Gujarat Gas plans Rs 1,200-cr capex in FY25; 3.3 lakh households to get new connections

Company is also planning to set up over 200 CNG stations, with the majority in Gujarat

Business Line

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of Gujarat Gas, Ipca Laboratories and LTIMindtree