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GAIL merges KLL in fast-track process
PRIVATEJul 31, 2026•9 days ago
Acquiring Company
GAIL
Acquired Company
KLL
IndiaAgriculture and FarmingRenewable EnergyBiomass EnergyEnergyOil And Gas
Description
GAIL's board has approved the merger of its wholly-owned subsidiary KLL under the fast-track route. The merger will result in KLL being dissolved without a winding-up process, and there is no cash consideration involved. This streamlined process eliminates the need for NCLT approval and ensures no change in GAIL's shareholding.
Company Information
Company
GAIL
Location
India
About
GAIL (Gas Authority of India Limited) is a company involved in the transmission and distribution of natural gas in India. It also engages in the production and trading of petrochemicals. GAIL plays a major role in the development of natural gas infrastructure in India.
IndiaAgriculture and FarmingRenewable EnergyBiomass EnergyEnergyOil And Gas