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
30 January, 2015 16:55 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
Tech Mahindra consolidated quarterly profit declines 20.25% - 30-Jan-2015 15:49
Binani Industries swings to profit in Oct-Dec quarter - 30-Jan-2015 15:43
NTPC standalone quarterly net climbs 7.43% - 30-Jan-2015 15:38
Kirloskar Brothers swings to loss in Oct-Dec quarter - 30-Jan-2015 15:35
Adani Enterprises consolidated quarterly profit soars 6.51 times - 30-Jan-2015 15:30
JSW Steel consolidated quarterly profit drops 29.49% - 30-Jan-2015 15:25
Monsanto India standalone quarterly net drops 25.76% - 30-Jan-2015 15:20
Dabur India consolidated Q3 profit climbs 16.5% - 30-Jan-2015 14:55
Siemens Q1 profit surges to Rs 6.34 bn - 30-Jan-2015 14:47
Tata Global Beverages consolidated quarterly earnings drop 29.54% - 30-Jan-2015 14:33
Strides Arcolab gets US FDA nod for Oral Dosage Facility - 30-Jan-2015 14:30
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