Merger of GSPL with Gujrat Gas Ltd.(GGL)
Shareholders will be allotted 10 shares of GGL for every 13 shares held of GSPL. GSPL owns about 54% stake in GGL. Gujarat State Petroleum Corporation Limited(GSPC) which owns 37% in GSPL will also be merged in GGL.
Transmission business of GSPL will be finally demerged into GSPL Transmission Limited (GTL) which will be subsequently listed on the stock exchange. Shareholders will be given 1 share of GTL for every 3 held in GGL.

Press Release
Scheme of Arrangement
Investor Presentation

Stock of GSPL has already run up 30% in last week, now it is almost priced ideally for the 10 to 13 swap ratio. Assuming GGL at 600 per share, GSPL should be priced at 461 per share, current price of GSPL is 443 per share.
There is a investor call at 3.00 pm on 31st August to discuss this restructuring.

They sold their stake to various mutual funds and DIIs which I think was a favourable step because their shareholding does bring a positive impact to the valuation (re-rating). Also getting DIIs to invest by selling your own shares rather than issuing new shares ensures that the other shareholders’ holdings are not diluted to that extent and doesn’t diminish your ROCE as well.

Disclosure : Invested

Could you publish your actual portfolio and duration since you were SIPing?

as per report the airline company has a sustained lead on load factors as its peers falter on customer experience.

One silver lining as well that the management was candid enough to tell that multiple headwinds stuck at once and things could get better in the second half of the year. The management has proved its pedigree in the past and might be able to overcome these tough times as well successfully.

No holding and only tracking