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BGAPH sells stake in MGL
Aug. 24, 2018

BGAPH sells stake in MGL

BG Asia Pacific Holdings sold its 14% stake in Mahanagar Gas Ltd, which is a CNG retailing firm, in the open market. BGAPH is a totally owned subsidiary of Shell India. After this, the company’s stake reduces to 10% in the CNG firm. BGAPH informed that the "sale of equity shares (was executed) in the open market by way of a bulk deal" but the transaction value was not specified.

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