DNB Fund-Asian Small Cap has reportedly sold 7.50 lakh shares of Indraprastha Gas (IGL) through the open market route. The shares were sold on an average price of Rs 265.71 valuing the transaction to Rs 19.92 crore.
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.
