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GAIL gets nod to raise funds through bonds

16 Jan 2020 Evaluate

GAIL India has received an approval for raising funds by way of borrowing of Indian Rupee Debt up to Rs 1500 crore including Green shoe option through secured / unsecured, redeemable, taxable Non- Convertible Bond(s) in one or more tranches from time to time on private placement basis. The Board of Directors of the Company in its meeting held on January 16, 2020 has approved the same.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

Peers
Company Name CMP
GAIL (India) 168.70
Gujarat Energy 223.90
Indraprastha Gas 145.00
Mahanagar Gas 1050.00
Adani Total Gas 577.85
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