{"id":287814,"date":"2019-08-20T05:55:37","date_gmt":"2019-08-20T05:55:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287814"},"modified":"2019-08-20T05:55:37","modified_gmt":"2019-08-20T05:55:37","slug":"shell-to-sell-10-stake-in-mahanagar-gas-ltd","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-to-sell-10-stake-in-mahanagar-gas-ltd\/","title":{"rendered":"Shell to sell 10% stake in Mahanagar Gas Ltd"},"content":{"rendered":"<p>Mumbai: Shell India, the local arm of Netherlands-based Royal Dutch Shell Plc, has offered to sell its 10% stake for over \u20b9700 crore held in the city gas distribution business of Mumbai-based Mahanagar Gas Ltd (MGL), through a block deal on the bourses.<\/p>\n<p>Mint had in March 2019, reported about Shell&#8217;s plan to sell its stake in MGL.<\/p>\n<p>When Mahanagar Gas was listed on 1 July 2016, Shell, through its wholly-owned subsidiary, BG Asia Pacific Holdings Pte. Ltd, acquired a 34% stake in the company. Last year, it offloaded 24% of its shareholding in two tranches\u20148.5% in April and 14% in August\u2014in the open market through bulk deals. This reduced Shell\u2019s holding to 10%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Shell India, the local arm of Netherlands-based Royal Dutch Shell Plc, has offered to sell its 10% stake for over \u20b9700 crore held in the city gas distribution business of Mumbai-based Mahanagar Gas Ltd (MGL), through a block deal on the bourses. Mint had in March 2019, reported about Shell&#8217;s plan to sell its stake in MGL. When Mahanagar Gas was listed on 1 July 2016, Shell, through its wholly-owned subsidiary, BG Asia Pacific Holdings Pte. Ltd, acquired a 34% stake in the company. Last year, it offloaded 24% of its shareholding in two tranches\u20148.5% in April and 14% [&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-287814","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\/287814","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=287814"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287814\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}