GAIL eyes 26% stake in gas exchange
State-owned GAIL (India) Ltd plans to acquire a 26% stake in India’s first natural gas exchange which went online last week, two people aware of the matter said.
According to an expression of interest seeking an equity participation in the gas exchange, GAIL India wants to come in as a promoter with a 26% equity stake.
The document was reviewed by Mint. GAIL owns liquefied natural gas terminals and is already a member of the natural gas trading platform, which was set up by the Indian Energy Exchange.
