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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.

Petronet LNG Share Price

282.35 5.15 (1.86%)
14-Aug-2026 15:32 View Price Chart
Peers
Company Name CMP
Petronet LNG 282.35
Bharat Coking Coal 33.75
Linde India 6705.00
Refex Industries 296.50
IRM Energy 294.05
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