{"id":263064,"date":"2019-03-08T05:30:55","date_gmt":"2019-03-08T05:30:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263064"},"modified":"2019-03-08T05:30:55","modified_gmt":"2019-03-08T05:30:55","slug":"mahanagar-gas-could-feel-overhang-of-shell-indias-stake-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mahanagar-gas-could-feel-overhang-of-shell-indias-stake-sale\/","title":{"rendered":"Mahanagar Gas could feel overhang of Shell India\u2019s stake sale"},"content":{"rendered":"<p>Shares of Mumbai\u2019s city gas distributor, Mahanagar Gas Ltd (MGL), have declined 4.5% this week. Shell India may finally exit the city gas distribution business by selling its 10% stake in the company, said a Mint report on Monday. Shell holds its stake in MGL through its wholly owned subsidiary BG Asia Pacific Holdings Pte. Ltd.<\/p>\n<p>What does this mean for MGL?<\/p>\n<p>On a fundamental basis, the impact of this development is expected to be limited. \u201cThe stake sale could, however, have a technical overhang on the stock as we had seen during the earlier two tranches of stake sale in April\/August, 2018, (stock down 4-7% each),&#8221; said analysts from Jefferies India Pvt. Ltd in a report on 5 March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Mumbai\u2019s city gas distributor, Mahanagar Gas Ltd (MGL), have declined 4.5% this week. Shell India may finally exit the city gas distribution business by selling its 10% stake in the company, said a Mint report on Monday. Shell holds its stake in MGL through its wholly owned subsidiary BG Asia Pacific Holdings Pte. Ltd. What does this mean for MGL? On a fundamental basis, the impact of this development is expected to be limited. \u201cThe stake sale could, however, have a technical overhang on the stock as we had seen during the earlier two tranches of stake sale [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-263064","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=263064"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263064\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}