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Foreign investment in Petronet LNG reaches trigger limit

04 Jul 2015 Evaluate

Reserve Bank of India (RBI) has notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Petronet LNG has reached the trigger limit. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI.

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.

Peers
Company Name CMP
Petronet LNG 285.85
Linde India 6197.20
IRM Energy 267.95
Steamhouse India 113.92
Nilachal Carbo Metal 125.00
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