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Petronet LNG tumbles on the buzz of ADB planning to sell 5.2% stake

26 Sep 2014 Evaluate

Petronet LNG is currently trading at Rs. 184.90, down by 7.85 points or 4.07% from its previous closing of Rs. 192.75 on the BSE.

The scrip opened at Rs. 187.95 and has touched a high and low of Rs. 190.75 and Rs. 183.20 respectively. So far 39492690 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 207.35 on 22-Sep-2014 and a 52 week low of Rs. 102.50 on 28-Jan-2014.

Last one week high and low of the scrip stood at Rs. 207.35 and Rs. 183.20  respectively. The current market cap of the company is Rs. 13875.00 crore.

The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 25.39% and 24.61% respectively.

Asian Development Bank (ADB) is reportedly planning to sell 5.2 percent stake in Petronet LNG via a block deal. ADB is looking to raise $120 million through this stake sale.

State-run entities GAIL, Oil and Natural Gas Corp ,  Indian Oil and  Bharat Petroleum hold a 12.5 percent stake each in Petronet, along with GdF of France. ADB has been a stakeholder in Petronet since 2004.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.

Petronet LNG Share Price

273.05 1.50 (0.55%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Petronet LNG 273.05
Bharat Coking Coal 35.75
Linde India 7234.30
Refex Industries 244.75
IRM Energy 220.60
View more..

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