GAIL invests further in Talcher Fertilizer Limited

** GAIL (India) Limited announced today that it will be increasing its equity investment in Talcher Fertilizer Limited (TFL) by subscribing to 1,06,75,06,771 equity shares at a face value of INR10 each. TFL, a joint venture company incorporated in 2015, is focused on reviving FCIL's fertilizer unit by establishing a coal gasification-based fertilizer plant in Talcher, Odisha. The company's current shareholding structure has GAIL, Coal India Ltd. (CIL), and Rashtriya Chemicals & Fertilizers Ltd. (RCF) holding 33.333% stake each. The subscription of these shares is part of a corporate action uniformly offered to all shareholders in proportion to their existing holdings. The move is expected to be completed on or before July 9, 2025. This transaction does not fall under related party transactions as defined by SEBI LODR regulations.