SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GSPL gains on entering into share purchase agreement to acquire 13.71% stake in SGL

21 Dec 2015 Evaluate

GSPL is currently trading at Rs. 130.10, up by 2.25 points or 1.76% from its previous closing of Rs. 127.85 on the BSE.

The scrip opened at Rs. 128.00 and has touched a high and low of Rs. 132.55 and Rs. 128.00 respectively. So far 23,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.30 on 10-Aug-2015 and a 52 week low of Rs. 104.30 on 11-Mar-2015.

Last one week high and low of the scrip stood at Rs. 132.55 and Rs. 127.00 respectively. The current market cap of the company is Rs. 7,315.00 crore.

The promoters holding in the company stood at 37.70%, while Institutions and Non-Institutions held 45.35% and 16.95% respectively.

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

275.45 3.10 (1.14%)
20-Apr-2026 15:10 View Price Chart
Peers
Company Name CMP
GAIL India 157.95
Gujarat Gas 367.05
Indraprastha Gas 167.35
Mahanagar Gas 1138.00
Adani Total Gas 626.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×