Acquisitions3 Jul 2025, 10:59 am
Maithan Alloys Acquires 0.01% Stake in GAIL (India) Ltd. for Rs. 10.55 Crore
AI Summary
Maithan Alloys Ltd. has acquired 555000 shares, representing 0.01% of GAIL (India) Ltd.'s shareholding, through the stock exchange on July 2, 2025, for a total cost of Rs. 10.55 Crore. GAIL (India) Ltd. is a Public Limited Company based in India, primarily involved in natural gas processing and distribution. The acquisition is an investment decision made by Maithan Alloys Ltd. with the intention of reaping long-term or short-term benefits. No related party transactions, promoter interests, or regulatory approvals are associated with this acquisition.
Key Highlights
- Maithan Alloys acquired 0.01% stake in GAIL (India) Ltd.
- Total of 555000 shares were acquired for Rs. 10.55 Crore.
- Acquisition was made through the stock exchange on July 2, 2025.
- GAIL (India) Ltd. is a leading natural gas processing and distribution company.
- The acquisition is a strategic investment by Maithan Alloys Ltd.