Mahanagar Gas plans IPO in third week of June

The share sale is expected to fetch a total of around Rs.1,200 crore.

Jun 03, 2016 02:06 IST India Infoline News Service

IPO
Mahanagar Gas Ltd, a joint venture between state-owned GAIL (India) Ltd and Royal Dutch Shell Plc, is planning to launch IPO pub in the third week of June, according to reports
Report says that the share sale is expected to fetch a total of around Rs.1,200 crore.
The share sale values the company at around Rs.4,800 crore, says report.
GAIL and BG Asia own 49.75% in Mahanagar Gas.

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