BSE sets 2 July 2026 record date for Gujarat Gas demerger into GSPL Transmission
Shareholders get 1 GSPL Transmission share for every 3 Gujarat Gas shares held; stock moves to trade-for-trade segment from 2 July.
What changed
- BSE sets record date 2 July 2026 for Gujarat Gas demerger into GSPL Transmission.
- Shareholders receive 1 GSPL Transmission share for every 3 Gujarat Gas shares held.
- Gujarat Gas renamed Gujarat Energy; stock shifts from 'A' to 'T' group (trade-for-trade).
The read
The demerger of Gujarat Gas's gas transmission business into a separate listed entity – GSPL Transmission – is now on a firm timeline. BSE has set 2 July 2026 as the record date. For every 3 shares of Gujarat Gas (now renamed Gujarat Energy), holders get 1 share of GSPL Transmission. The stock also moves from the 'A' group to the 'T' group (trade-for-trade) on the same day, meaning trades must be settled with delivery. That change could reduce short-term liquidity. A Special Pre-open Session will help set a post-demerger price. In short: a value-unlocking spin-off, but with a settlement twist that traders need to account for.
Primary source: official circular (PDF)