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Shell sells over 8 percent stake of Indian MGL

April 16, 2018

Source: Economic Times

Shell sells over 8 percent stake of Indian MGL

As part of Shell's ongoing portfolio optimization to transform itself into a simpler company with stronger returns, a unit of the firm has sold 8.5 per cent stake in Mahanagar Gas Ltd. (MGL) retails CNG to automobiles and piped cooking gas to households in Mumbai and adjoining areas. This reflects Shell’s commitment to grow in India.

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