Shell subsidiary sells down interest in Mahanagar Gas

Shell’s wholly owned subsidiary BG Asia Pacific Holdings has sold down its interest in Bombay Stock Exchange-listed Mahanagar Gas
By Staff reporter 12 April 2018 0 30397

Shell’s wholly owned subsidiary BG Asia Pacific Holdings has sold down its interest in Bombay Stock Exchange-listed Mahanagar Gas to 24.0% from 32.5%, Shell said on Wednesday.

Mahanagar’s other major shareholders include India’s Gail, which has a 32.5% stake, and the government of the Indian state of Maharashtra, which owns 10%.

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