Acquisitions10 Jul 2025, 12:57 pm
Maithan Alloys Acquires 0.001% Stake in GAIL (India) Ltd. for Rs. 1.24 Crore
AI Summary
Maithan Alloys Ltd. has acquired 65,000 shares of GAIL (India) Ltd. through a stock exchange, amounting to 0.001% of the company's shareholding. The transaction was completed on 9th July 2025, with the total cost of acquisition being Rs. 1.24 Crore. GAIL is a Public Limited Company based in India, involved in natural gas processing, distribution, and production of LPG, Liquid hydrocarbons, and petrochemicals. The company also has participating interests in Oil and Gas Blocks in India and overseas. The acquisition does not require any governmental or regulatory approvals and does not intend to acquire control of GAIL's management.
Key Highlights
- Maithan Alloys acquired 0.001% stake in GAIL (India) Ltd.
- Total cost of acquisition was Rs. 1.24 Crore.
- The acquisition was completed on 9th July 2025.
- GAIL is a Public Limited Company involved in natural gas processing and distribution.
- No governmental or regulatory approvals were required for the acquisition.