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.

Related Petronet LNG Ltd. Links:

Petronet LNG Share Price

278.00 1.70 (0.62%) Nov 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
GAIL India 124.30
Petronet LNG 278.00
Indraprastha Gas 423.20
Linde India 594.20
Confidence Petroleum 26.90
View more..
Sensex vs Petronet LNG
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463