CE-MAT 2025

GAIL establishes wholly owned subsidiary in IFSC at GIFT City, Gujarat

The subsidiary will operate as a finance company in IFSC GIFT City, Gujarat to undertake Global and Regional Corporate Treasury Centers activities.

GAIL establishes wholly owned subsidiary in IFSC at GIFT City, Gujarat

State run Gas utility firm, Gail (India) Ltd has incorporated a wholly owned subsidiary, Gail Global IFSC Ltd with authorised share capital of Rs 17 crore with initial paid up capital of Rs 8.50 crore.

The subsidiary will operate as a finance company in IFSC GIFT City, Gujarat to undertake Global and Regional Corporate Treasury Centers activities.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel CE-MAT 2025

Read Also : JSW Energy Signs Power Agreement with UPPCL for 1,500 MW hydro energy project

The Ministry of Petroleum and Natural Gas has conveyed the approval of DIPAM for the formation of a wholly owned subsidiary of Gail in the International Financial Service Center at GIFT City in Gujarat.

Shares of the Gail(India) were trading higher by 2.29 pc at Rs 172.90 at 3:30 pm.

Read Also : Shri Arvind Shrivastava takes charge as Secretary, Department of Revenue, Ministry of Finance

Note*: All the articles and given information on this page are information based and provided by other sources . For more read Terms & Conditions