INDRAPRASTHA GAS LTD. - Updates

With reference to the earlier letter dated March 30, 2015, informing that the Company has acquired 4.75 crores shares of Maharashtra Natural Gas Limited (MNGL) in the first tranche at a price of Rs. 38/- (Rupees Thirty Eight). Per equity share from certain financial investor shareholders of MNGL.<BR><BR>Indraprastha Gas Ltd has now informed BSE that, in the second & final tranche, the Company has acquired 25 lacs shares of MNGL at a price of Rs. 38 (Rupees Thirty Eight) per equity shares of MNGL.<BR><BR>Presently, the Company holds 5 crores shares (constituting 50% of present paid up capital) of MNGL.