To acquire shares of Maharashtra Natural Gas
Indraprastha Gas announced that on 28 August 2014, the Company has signed Share Purchase Agreement to acquire upto 5,00,00,000 equity shares of Rs. 10 (Rupees Ten) each of Maharashtra Natural Gas (MNGL) at a Price of Rs. 38/- (Rupees Thirty-eight) per equity share from certain financial investor shareholders of MNGL in such a manner so that upto completion of the proposed transaction the Company's shareholding in MNGL shall not exceed 50% of the issued, subscribed and paid up share capital of MNGL.MNGL is in City Gas Distribution business in Pune in the State of Maharashtra.
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