Mirae Asset Mutual Fund has increased its shareholding in Gujarat Gas Ltd through open market transactions. Following the acquisition of 3,403,604 shares on May 12, 2026, the fund’s total stake in the company has risen from 0.342% to 5.286%. This move reflects a notable consolidation of holdings by the asset management firm within the city gas distribution sector.
Acquisition Details
On May 12, 2026, Mirae Asset Mutual Fund completed an acquisition of 3,403,604 shares of Gujarat Gas Ltd. The transaction was executed via the open market, marking a significant change in the investment firm’s position in the company.
Impact on Shareholding
Prior to this transaction, Mirae Asset Mutual Fund held 2,355,407 shares, representing a 0.342% stake in Gujarat Gas Ltd. With the addition of the new shares, the fund’s aggregate holding has reached 3,639,142 shares. Consequently, the firm’s total voting rights and ownership in the company have increased to 5.286% of the total paid-up share capital.
Company Capital Structure
As per the latest disclosure, the total share capital of Gujarat Gas Ltd stands at 688,390,125 shares. This capital base remains unchanged following the acquisition, as the shares were purchased from the open market rather than through a new issuance.
Source: BSE
