GDF International to sell 10% stake in Petronet LNG

08 Jun 2017

GDF International is planning to sell its entire 10% stake in India’s Petronet LNG in block trades on June 8, 2017 for up to $512 million. GDF will sell the shares in a price range of Rs 417 and Rs 440 a share. The price range is a nil to 5.2 percent discount to Petronet’s on closing price of Rs 440 on June 7, 2017.

Petronet LNG is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). The company operates through the segment of natural gas business.

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Petronet LNG Share Price

276.70 -0.25 (-0.09%) Jan 24, 18:01
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Peers
Company Name CMP
GAIL India 129.50
Petronet LNG 276.70
Indraprastha Gas 496.25
Linde India 715.15
Confidence Petroleum 27.35
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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