GAIL (India) Limited has incorporated a wholly-owned subsidiary named 'GAIL Global IFSC Limited' in International Financial Services Centre (IFSC) at GIFT City, Gujarat on 7 April 2025.
The subsidiary will operate as a Finance Company in IFSC GIFT City.
GAIL Global IFSC Limited will undertake Global/Regional Corporate Treasury Centres and Ship Leasing activities.
The authorized share capital of the subsidiary is ₹ 17 crore and the initial paid-up capital is ₹ 8.50 crore.
The incorporation received approval from the Ministry of Petroleum & Natural Gas, GoI, with DIPAM approval dated 13 March 2025.