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

Synopsis

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.

Principals

target

Mahanagar Gas

bidder

Institutional Investors

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Market Context

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Seller Team (2)

trivikram ramanathan

Director at MAHANAGAR GAS LTD

Manager

target

Deal

£ 89 M

Total Value

ashutosh karnatak

Chairman at MAHANAGAR GAS LTD

Manager

target

Deal

£ 89 M

Total Value

Vendor Team (1)

mansi madan tripathy

Managing Director at SHELL INDIA

Manager

vendor

Deal

£ 89 M

Total Value

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