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GAIL Launches ‘GAIL Global IFSC Ltd’ to Strengthen International Business Operations.

Economy Business | Dated: 12 Apr 2025

In April 2025, New Delhi (Delhi)-based GAIL (India) Limited, a Maharatna Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas, established a wholly owned subsidiary named GAIL Global IFSC Limited at the International Financial Services Centre (IFSC) located in Gujarat International Finance Tec-City (GIFT City), Gujarat.

🎯 Key Highlights:

  • - This strategic initiative is aimed at diversifying GAIL’s business portfolio beyond its core natural gas and energy infrastructure segments.
  • - The newly formed entity will operate as a finance company under the regulatory framework of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Other Important Facts:

  • (i) The key details include the incorporation date as 7 April 2025, with an authorised share capital of ₹17 crore and an initial paid-up capital of ₹8.5 crore. GAIL (India) Limited holds 100% ownership, with shares issued at a face value of ₹10 each.
  • (ii) The necessary regulatory approvals were received in March 2025 from the Ministry of Petroleum and Natural Gas (MoPNG) and the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance (MoF).
  • (iii) The strategic intent behind setting up GAIL Global IFSC Limited is to undertake global and regional corporate treasury functions, including ship leasing activities. This initiative is aimed at enhancing GAIL’s global presence and strengthening its capital management capabilities through structured financial operations within India’s premier financial hub at GIFT City.

📚 Test Your Knowledge:

Which company has recently launched ‘GAIL Global IFSC Ltd’ to boost its international business operations?

Correct Answer: GAIL

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