Gas Point Petroleum (India) has bought 8.14 lakh shares of Confidence Petroleum through the open market route. The shares were purchased on an average price of Rs 7.19 valuing the transaction to Rs 58.56 lakh.
Confidence Petroleum is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. The Company is engaged in the sale of cylinder, LPG bottling, and filling/DPT/transport. Its segments include the LPG/CNG Cylinder manufacturing, and the LPG Bottling & Marketing.
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