Acquisitions17 Jun 2025, 11:48 am
Maithan Alloys Acquires 0.001% Stake in GAIL (India) Ltd. for Rs. 1.25 Crore
AI Summary
Maithan Alloys Ltd. has acquired 65000 shares of GAIL (India) Ltd., a leading natural gas processing and distribution company, through a stock exchange. This acquisition represents 0.001% of GAIL's shareholding and was made for long-term/short-term investment benefits. The total cost of acquisition was Rs. 1.25 Crore. The acquisition does not fall under Related Party Transaction(s) and does not grant Maithan Alloys control over GAIL's management. The acquisition is completed as of 16th June, 2025.
Key Highlights
- Maithan Alloys acquired 0.001% stake in GAIL (India) Ltd.
- The acquisition cost was Rs. 1.25 Crore.
- The acquisition was made through a stock exchange for investment purposes.
- Maithan Alloys does not intend to acquire control over GAIL's management.
- The acquisition is completed as of 16th June, 2025.