INDRAPRASTHA GAS LTD.

INDRAPRASTHA GAS LTD. - Updates

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28 Aug 2014
With reference to the earlier letter dated August 04, 2014 regarding the decision of the Board of the Company to invest in the equity shares of M/s. Maharashtra Natural Gas Limited (MNGL), Indraprastha Gas Ltd has now informed BSE that on August 28, 2014, the Company has signed Share Purchase Agreement to acquire upto 5,00,00,000 equity shares of Rs. 10 (Rupees Ten) each of MNGL at a Price of Rs. 38/- (Rupees Thirty-eight) per equity share from certain financial investor shareholders of MNGL in such a manner so that upto completion of the proposed transaction the Company's shareholding in MNGL shall not exceed 50% of the issued, subscribed and paid up share capital of MNGL.<br/><br/>MNGL is in City Gas Distribution business in Pune in the State of Maharashtra.
View all announcements for INDRAPRASTHA GAS LTD.	Source: BSE India

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