In order to pay some of its existing debt, Petronet LNG, India’s biggest importer of liquefied natural gas, has received shareholders' approval to raise Rs 1,000 crore through bonds this fiscal. The company’s shareholders at its annual general meeting (AGM) on September 24, 2015 approved the proposal to raise Rs 1,000 crore through issuance of secured/unsecured non-convertible debentures through private placement in one or more tranches during the financial year ending March 31, 2016. The company has also received shareholders' approval for raising cap on foreign portfolio investors or FII shareholding in the company from 24 per cent to 30 per cent of paid up capital.
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.
| 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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