Maithan Alloys acquires stake in GAIL (India) Ltd.
Maithan Alloys (BSE:MAITHANALL) has acquired 555,000 equity shares of GAIL (India) Ltd., representing 0.01% of the company's total shareholding, for a total consideration of INR10.55 Crore. The acquisition, executed via stock exchange, forms part of Maithan Alloys' investment strategy, with the intent of reaping both short and long-term benefits. This acquisition has triggered disclosure requirements under Regulation 30 of SEBI(LODR), 2015. GAIL (India) Limited, a leading natural gas processing and distribution company, reported a turnover of INR137288 Crore as of March 31, 2025. Maithan Alloys clarified that it does not intend to acquire control over the management of GAIL (India) Limited.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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