Mahanagar Gas Limited (MGL) today announced that it has signed a Share Purchase Agreement to acquire 100 per cent stake of Unison Enviro Private Limited (UEPL).
This acquisition will enable MGL to expand to newer geographical areas in Maharashtra (Ratnagiri, Latur & Osmanabad) and Karnataka (Chitradurga & Davanagere) thereby providing new avenues for long term growth. In a press release, MGL said the transaction is of strategic importance and the extended footprint would help it scale its future business development activities across a larger network and customer base.
