Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
02 August, 2015 18:40 IST
GDNL raises stake in Gujarat Gas to 73.70%
Source: IRIS | 12 Jun, 2013, 08.01PM
Comments  |  Post Comment

GSPC Distribution Networks (GDNL) has acquired 65.12% stake in Gujarat Gas (Q,N,C,F)* Company from BG Asia Pacific Holdings (BGAPH) today. Earlier Mar.12, 2013, it had acquired 8.58% shares under the open offer. With this, GDNL has acquired 73.70% stake in Gujarat Gas Company.
The board of directors of Gujarat Gas Company has appointed Varesh Sinha, D. J. Pandian, Tapan Ray, Dr. Hasmukh Adhia and Sugata Sircar, nominee directors of GDNL, as additional directors.

Varesh Sinha has been appointed as the chairman and Sugata Sircar appointed as managing director for a period of six months starting from Jun. 12, 2013, pursuant to his nomination as the managing director of the company by GDNL.

Shares of the company gained Rs 3.05, or 1.49%, to settle at Rs 207.60. The total volume of shares traded was 2,223 at the BSE (Wednesday).

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Tata Motors sales rise 1% in July - 01-Aug-2015 17:30
Atul Auto sales up 5% in July - 01-Aug-2015 16:32
TVS Motor Company sales rise 2% in July - 01-Aug-2015 16:16
Escorts tractor sales drop 20.5% in July - 01-Aug-2015 15:23
Ashok Leyland sales jump 40% in July - 01-Aug-2015 15:00
Mahindra Tractor sells 14,273 units in July - 01-Aug-2015 14:48
M&M auto sector sales fall 3% in July - 01-Aug-2015 14:22
Maruti Suzuki sales rise 20% in July - 01-Aug-2015 12:26
SPARC receives CRL from USFDA for Latanoprost NDA - 01-Aug-2015 11:15
OMCs cut petrol price by Rs 2.43/litre; diesel by Rs 3.60/litre - 01-Aug-2015 10:26
OMCs cut petrol price by Rs 2.43/litre; diesel by Rs 3.60/litre - 01-Aug-2015 10:26
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer