Shell India to dispose 10% stake in MGL for $108m.

Financials

Edit Data

Transaction Value£88m

Consideration Type-

Capital Owned33%

Capital Bid For23%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

vendor

Shell India

target

Mahanagar Gas

bidder

Institutional Investors

Sources

Edit

Tags

Edit

Friendly

oil exploration

gas drilling

Offshore Drilling and Other Services

India

Pending

Disposal

Public

Private Equity

Synopsis

Edit

Shell India, a subsidiary of Netherlands-based Royal Dutch Shell, disposes off 10% stake in Mahanagar Gas(MGL), a state-owned seller and explorer of CNG and piped-cooking gas for Rs. 770Crore ($107.6m). Shell sold its stake in the open market after GAIL waived off its first right of refusal.