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Gujarat Gas planning to acquire entire 50% stake of GAIL Gas in Vadodara Gas

06 Jul 2018 Evaluate

Gujarat Gas is planning to pick up the entire 50% stake of GAIL Gas in Vadodara Gas (VGL). The transaction is expected to be about Rs 200-250 crore for an enterprise valuation of about Rs 500 crore of VGL.

Initially, the company was looking to pick a minority stake in VGL from GAIL Gas, however, it recently decided to pick up the entire stake of GAIL Gas in the entity.

Gujarat Gas (formerly Gujarat Gas Company) is engaged in processing, transmission, and distribution of natural gas. It supplies gas to industrial, commercial and domestic customers.

Gujarat Gas Share Price

374.25 6.90 (1.88%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 160.80
Gujarat Gas 374.25
Indraprastha Gas 167.25
Mahanagar Gas 1136.55
Adani Total Gas 614.85
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