GAIL establishes wholly owned subsidiary in GIFT City, Gujarat

GAIL (India) Limited (BSE:GAIL) announced the incorporation of a new wholly-owned subsidiary, GAIL Global IFSC Limited, within the International Financial Services Centre (IFSC) at GIFT City, Gujarat. The authorized share capital of the new entity is INR 17,00,00,000, with an initial paid-up capital of INR 8,50,00,000. GAIL Global IFSC Limited will operate as a Finance Company, undertaking global and regional corporate treasury center activities and/or ship leasing activities. This move follows the Ministry of Petroleum & Natural Gas's approval, as conveyed in a letter dated March 13, 2025. The incorporation aims to expand GAIL's financial services presence in the international market.