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GAIL (India) Limited has approved the merger of its wholly-owned subsidiary, Konkan LNG Limited (KLL), into itself. The move aims to simplify the group structure and enhance operational efficiencies.
GAIL increased its stake in Konkan LNG Limited to 100% following an NCLT-approved capital reduction. Shares worth Rs.148.11 Crore were cancelled and extinguished as part of the scheme.