Acquisitions12 Jun 2025, 12:21 pm
Maithan Alloys Acquires 0.01% Stake in GAIL (India) Ltd. for Rs. 12.36 Crore
AI Summary
Maithan Alloys Ltd. has acquired 0.01% stake in GAIL (India) Ltd. through the stock exchange. The acquisition was completed on 11th June 2025, with a total cost of Rs. 12.36 Crore. GAIL (India) Ltd. is a Public Limited Company based in India, with a diversified business portfolio including natural gas processing, LPG production, petrochemicals, and transmission of natural gas and LPG. The acquired shares are intended to provide long-term/short-term investment benefits to Maithan Alloys Ltd.
Key Highlights
- Maithan Alloys acquired 0.01% stake in GAIL (India) Ltd.
- The acquisition was completed on 11th June 2025 for Rs. 12.36 Crore.
- GAIL (India) Ltd. is a diversified company with interests in natural gas processing, LPG production, petrochemicals, and transmission of natural gas and LPG.
- The acquisition is intended to provide long-term/short-term investment benefits to Maithan Alloys Ltd.
- GAIL (India) Ltd. has a presence in India, Singapore, USA, Russia, and Myanmar.