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GSPL enters into share purchase agreement to acquire 13.71% stake in SGL

19 Dec 2015 Evaluate

Gujarat State Petronet (GSPL) along with other promoters of Sabarmati Gas (SGL) has entered in to the share purchase agreement with the financial investors of Sabarmati Gas and SGL, wherein, GSPL has agreed to purchase 27,43,070 number of equity shares having face value of Rs 10 each (constituting 13.71% of the total paid-up equity share capital of SGL) from the financial investors of SGL.

Upon fulfillment of the conditions of the share purchase agreement, SGL will become an associate company of GSPL with GSPL holding 27.47% of the fully paid up equity share capital SGL.

Sabarmati Gas is operating the City Gas Distribution network in the districts of Gandhinagar, Mehsana and Sabarkantha in northern Gujarat.


Guj. State Petronet Share Price

275.10 2.75 (1.01%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 157.70
Gujarat Gas 367.35
Indraprastha Gas 166.35
Mahanagar Gas 1138.00
Adani Total Gas 620.55
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