Mahanagar Gas plans to raise around $130 mn through IPO: Reports

Report said that the company has hired Kotak Mahindra Capital and Citigroup to manage the initial public offering (IPO).

Jan 19, 2015 09:01 IST India Infoline News Service

Mahanagar Gas Ltd is planning to raise around Rs8 bn ($129.66 million) via IPO in the first quarter of 2015, according to reports.

Report said that the company has hired Kotak Mahindra Capital and Citigroup to manage the initial public offering (IPO).

The company is expected to file for IPO with Securities and Exchange Board of India over the next month, says report.

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