M&A

M&A

GSPC, GEL, GSPL to merge into Gujarat Gas

Mint  

Gujarat State Petroleum Corporation Ltd (GSPC), GSPC Energy Ltd (GEL) and Gujarat State Petronet Ltd (GSPL) will be merged with Gujarat Gas Ltd (GGL). As part of this restructuring, GGL’s gas transmission business will be demerged and listed separately as GSPL Transmission Ltd (GTL) on the stock exchanges.GSPC is primarily engaged in natural gas trading, exploration, and production, while GSPL operates a natural gas transmission network. GGL focuses on city gas distribution, managing the delivery of gas from supply points to end-users.The merger is designed to promote business synergies, streamline the GSPC Group Holding Structure, unlock shareholder value, improve operational efficiency, expand the business scale, and ensure optimal use of resources.