GAIL Invests Up to USD 64M in US Subsidiary

GAIL's Board approved equity infusion of up to US$64 million in wholly owned subsidiary GAIL Global (USA) Inc. on 25 March 2026.
Funds will be deployed in one or more tranches primarily to reduce GGUI's outstanding loan obligations for Eagle Ford shale assets in Texas.
GGUI reported declining standalone turnover: US$11.6M (CY2024) to US$7.6M (CY2025), against US$10.7M in CY2023.