Investment27 Jun 2025, 11:18 am
Maithan Alloys Acquires 0.01% Shareholding in GAIL (India) Ltd. for Rs. 12.66 Crore
AI Summary
Maithan Alloys Ltd. has acquired 0.01% shareholding in GAIL (India) Ltd. through the stock exchange, amounting to 678750 shares, for a total cost of acquisition of Rs. 12.66 Crore. The acquisition is an investment decision made by Maithan Alloys to reap long-term/short-term benefits. GAIL (India) Ltd. is a Public Limited Company based in India, primarily involved in natural gas processing, distribution, and trading. The company also has participating interests in Oil and Gas Blocks in India and overseas. The acquisition does not grant Maithan Alloys control over GAIL's management, and it is not a related party transaction.
Key Highlights
- Maithan Alloys acquired 0.01% shareholding in GAIL (India) Ltd. for Rs. 12.66 Crore.
- The acquisition is an investment decision made by Maithan Alloys for long-term/short-term benefits.
- GAIL (India) Ltd. is a Public Limited Company based in India, primarily involved in natural gas processing, distribution, and trading.
- GAIL has participating interests in Oil and Gas Blocks in India and overseas.
- The acquisition does not grant Maithan Alloys control over GAIL's management.