SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mahanagar Gas inks share subscription and shareholders’ pact with FPEL Reliant, FPEM Saur

09 Mar 2026 Evaluate

Mahanagar Gas has entered into a Share Subscription and Shareholders’ Agreement (SSA & SHA) with FPEL Reliant Energy (FPEL Reliant) and its holding company FPEL Saur Vidyut (FPEM Saur) on March 09, 2026, to acquire 26% of equity stake in FPEL Reliant, by investing an amount Rs 3.89 crore, to set up solar power plant at State of Maharashtra for consumption at CNG stations.

The objectives of the acquisition are to meet green energy needs, optimise energy costs and comply with regulatory requirements for power consumption by the company as per the Electricity Act, 2003 read with the Electricity Rules, 2005. The acquisition is expected to be completed within 6 months from the date of execution of the SSA & SHA.

Mahanagar Gas is in the business of City Gas Distribution (CGD), supplying natural gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.

Mahanagar Gas Share Price

1148.15 10.15 (0.89%)
21-Apr-2026 10:03 View Price Chart
Peers
Company Name CMP
GAIL India 160.30
Gujarat Gas 375.25
Indraprastha Gas 169.00
Mahanagar Gas 1148.15
Adani Total Gas 625.70
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:

×