Acquisitions28 May 2025, 11:00 am
Maithan Alloys Acquires 0.009% Stake in GAIL (India) Ltd. for Rs. 12.03 Crore
AI Summary
Maithan Alloys Ltd. has acquired 619000 shares, representing 0.009% of GAIL (India) Ltd.'s shareholding, through a stock exchange. The acquisition was completed on 27th May 2025 for a total cost of Rs. 12.03 Crore. GAIL (India) Ltd. is a public limited company based in India, involved in natural gas processing, distribution, and production of LPG, Liquid hydrocarbons, and petrochemicals. The acquisition is not a related party transaction and was done at arms length. Maithan Alloys does not intend to acquire control of GAIL (India) Ltd.'s management.
Key Highlights
- Maithan Alloys acquired 0.009% stake in GAIL (India) Ltd.
- Total cost of acquisition was Rs. 12.03 Crore.
- Acquisition was completed on 27th May 2025.
- GAIL (India) Ltd. is involved in natural gas processing, distribution, and production of LPG, Liquid hydrocarbons, and petrochemicals.
- Maithan Alloys does not intend to acquire control of GAIL (India) Ltd.'s management.