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Adani Total Gas signs agreement to acquire 5% stake in Indian Gas Exchange

22 Jan 2021 Evaluate

Adani Total Gas has signed Share Purchase Agreement on January 21, 2021 for acquisition of 5% Stake i.e. 36,93,750 Equity Shares of Rs 10 each of Indian Gas Exchange from Indian Energy Exchange. The cost of acquisition is Rs 3,69,37,500.

The company is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector.

Adani Total Gas Share Price

632.90 34.95 (5.84%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 157.80
Gujarat Gas 362.60
Indraprastha Gas 169.25
Mahanagar Gas 1125.45
Adani Total Gas 632.90
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