New Delhi, Nov 29 () Shares of Adani Gas zoomed nearly 8 per cent on Friday after the Competition Commission gave approval to the acquisition of 37.4 per cent shareholding and joint control by Total Group in the company.
The stock jumped 7.89 per cent to close at Rs 161.30 on the BSE. During the trade, it advanced 12.77 per cent to Rs 168.60.
On the NSE, it climbed 7.52 per cent to close at Rs 160.70.
In traded volume terms, 13.83 lakh shares of the company were traded on the BSE and over one crore units on the NSE during the day.
“Total Group believes in the initiatives taken by the Government of India to increase the reliance on natural gas instead of petroleum-based products,” the Competition Commission of India (CCI) noted.
