SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GSPC inks definitive agreements for acquisition of 65.12% stake in GGCL

04 Oct 2012 Evaluate

Gujarat State Petroleum Corporation (GSPC) along with its affiliates (GSPC Group) has signed definitive agreements for the acquisition of 65.12% stake in Gujarat Gas Company (GGCL) from BC Group (BG). The acquisition bears a significant strategic importance and will add significant customer base to GSPC’s existing business in Gujarat.

BG’s shareholding is being acquired by Gujarat Distribution Networks, a company in which 100% is held by GSPC Group. The agreement was signed on October 03, 2012 at Singapore. The acquisition is being made at Rs 295 per share and GSPC will pay Rs 2,463.8 crore to BG for the acquisition.

The acquisition is subject to the customary regulatory approvals and is expected to close pursuant to completion of open offer as per SEBI Takeover Code and the approval of the Competition Commission of India and Reserve Bank of India.

GSPC Group is the leading oil and gas exploration, development and production companies in India and is also one of the largest gas trading companies in India. In addition, the Group has a significant presence in the gas transmission and gas distribution businesses. Government of Gujarat along with its public sector undertakings are majority shareholders in the Group.

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
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:

×