SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indraprastha Gas inks SPA to acquire 50% stake in CUGL for Rs 69 crore

13 Jun 2013 Evaluate

Indraprastha Gas has signed a share purchase agreement (SPA) to acquire 3 crore equity shares face value of Rs 10 each of Central U.P. Gas (CUGL), constituting 50% of the paid-up equity share capital of CUGL, at a price of Rs 23 per equity share aggregating to Rs 69.00 crore from the financial investor shareholders of CUGL. CUGL is in city gas distribution business in Kanpur and Bareilly in the state of Uttar Pradesh.

Indraprastha Gas, incorporated in 1998, is engaged in distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi. In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the domestic, transport, and commercial sectors.

Indraprastha Gas Share Price

169.25 3.15 (1.90%)
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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×