Indraprastha Gas acquires 50% stake in MNGL

30 Mar 2015

Indraprastha Gas (IGL) has acquired 4.75 crore shares constituting 50% of present paid up capital of Maharashtra Natural Gas Limited (MNGL) in the first tranche at a price of Rs 38 per equity share from certain financial investor shareholders of MNGL.

Indraprastha Gas, incorporated in 1998, is engaged in distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi. In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the domestic, transport, and commercial sectors.

Related Indraprastha Gas Ltd. Links:

Indraprastha Gas Share Price

542.40 16.50 (3.14%) Apr 09, 18:01
1 Year Price Chart
Company Name CMP
GAIL India 138.80
Petronet LNG 228.15
Indraprastha Gas 542.40
Linde India 1827.85
Confidence Petroleum 42.85
View more..
Sensex vs Indraprastha Gas
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323