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| Exchange Received Time 19/03/2018 17:33:51 Exchange Disseminated Time 19/03/2018 17:33:55 Time Taken 00:00:04 | We wish to inform you that the Board of Directors, at their meeting held today (i.e. 19.03.2018), considered and approved the acquisition of upto 3,91,06,328 equity shares of Gujarat Gas Limited (i.e., upto, 28.40% of the paid-up equity share capital of Gujarat Gas Limited) from Gujarat State Petroleum Corporation Limited (GSPCL), by way of an inter-se transfer in accordance with Regulation 10(1)(a)(iii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This approval is subject to conditions precedent in the Share Purchase Agreement as may be executed between the Company and GSPCL.
As required under Regulation 30 of the Listing Regulations read with the Disclosure Circular, please find enclosed herewith the details in relation to the aforesaid.
We request you to kindly the same on record.
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