Announced
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.
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