Mahanagar Gas plans to raise Rs.1200 crore via IPO

The company and the merchant bankers are looking at a timeline of June 20-22 for the public issue

Jun 14, 2016 07:06 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 raise Rs. 1200 crore via IPO.
Report says that the company and the merchant bankers are looking at a timeline of June 20-22 for the public issue.
GAIL and Shell will sell 12.5% stake each in the proposed IPO.

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