Mahanagar Gas Share Price Rises Nearly 1% After Completion of UEPL Amalgamation

On August 16, 2025, Mahanagar Gas Limited (MGL) informed the stock exchanges that the Scheme of Amalgamation of its wholly owned subsidiary, Unison Enviro Private Limited (UEPL), with MGL has become effective. The company filed the certified copy of the NCLT order dated July 9, 2025 with the Registrar of Companies, Mumbai, marking August 16, 2025 as the effective date.

Following this, UEPL has been dissolved without winding up and has been merged into MGL. The capital clause of MGL’s Memorandum of Association has also been amended, increasing its authorized share capital to ₹2,800 crore, divided into 28 crore equity shares of ₹10 each.

Strategic Rationale Behind the MGL–UEPL Amalgamation

The amalgamation aims to simplify the group structure and consolidate operations under one entity, thereby improving operational efficiency and resource utilization. Since UEPL was a wholly owned subsidiary, the merger is not expected to cause equity dilution but rather streamline corporate governance for MGL.

Regulatory Updates

The scheme had earlier been approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench on July 9, 2025, and the certified order was received on July 23, 2025. With the filing completed, the process now stands formally concluded.

MGL Share Price Performance

Mahanagar Gas Limited (NSE: MG) shares were trading at ₹1,325.70, up ₹12 or 0.91% at 10:55 AM on the NSE from the previous close of ₹1,313.70. The stock opened at ₹1,334.90, hitting an intraday high of ₹1,334.90 and a low of ₹1,302.70. The volume-weighted average price (VWAP) stood at ₹1,315.96, indicating moderate buying interest after the merger announcement.

Read More: Best Oil and Gas Stocks in India in August 2025- Oil India, ONGC, and Others Based on 5Y CAGR.

Conclusion

The successful amalgamation of UEPL with MGL marks a key milestone in the company’s corporate restructuring journey. By consolidating operations, MGL has strengthened its organizational framework, a move that could support long term growth and enhance shareholder value. Investor sentiment reflected positively in early trade, with the stock edging higher following the announcement.

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