MoneyWorks4Me

GDF International to sell 10% stake in Petronet LNG

08 Jun 2017 Evaluate

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.

Peers
Company Name CMP
Petronet LNG 293.50
Linde India 6008.90
IRM Energy 259.30
Steamhouse India 126.20
Nilachal Carbo Metal 108.65
View more..