GAIL (India) Ltd Acquires 49% Stake in Leafiniti Bioenergy Private Limited for Rs. 13,54,32,150

GAIL (India) Ltd has disclosed its acquisition of a 49% stake in Leafiniti Bioenergy Private Limited (LBPL), a company that owns and operates a Compressed Bio Gas (CBG) Plant with a capacity of 10.2 TPD of CBG. The acquisition was made for a consideration of Rs. 13,54,32,150, which is the cost for subscribing to 1,35,43,215 equity shares at a face value of Rs. 10 per share. LBPL's turnover in FY 2024-25 was Rs. 28.42 Crore. The acquisition does not fall under Related Party Transactions and has received concurrence from DIPAM. LBPL commissioned its first press mud based CBG plant in December 2021 with a capacity to produce 10.2 TPD of CBG.