Gujarat Gas Limited receives final listing and trading approval for 622.7 million equity shares issued under Scheme of Arrangement
Gujarat Gas Limited notified the NSE of receipt of final listing and trading approval for 622,714,719 equity shares issued and allotted pursuant to a Scheme of Arrangement. The share allotment is now eligible for trading on the exchange. This approval follows the company's filing with NSE and typically requires prior NCLT sanction (Companies Act s. 230–232) and MCA registration (Form INC-28) of the scheme. The size of the allotment (622.7 mn shares) suggests a significant corporate restructuring or merger involving share issuance as consideration.
Why it mattersFinal listing approval post-Scheme signals completion of securities law gating; counsel must verify NCLT sanction order and MCA approval to confirm the scheme's legal enforceability and the allotment's validity under the Companies Act merger/arrangement framework.
Counsel—
SectorEnergy & Renewables
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Sources
- NSE (National Stock Exchange of India) – Corporate Action Filing · official
- Gujarat Gas Limited – Investor Relations / BSE/NSE Disclosure · official
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