Adani Gas Ltd.
|CMP||FV||52 W High||52 W low||Market Cap||Equity||Net Worth||Total Debt||Revenue||PAT||EPS||BV||PE||PB||Promoter Holdings|
On 14th October, 2019 Total buys 37.4 per cent stake in Adani Gas for Rs 6,155 crore.
The company believes that India will transition to a gas-based economy to address climate
change concerns by using cleaner and greener fuels.
The deal gives Total joint control of Adani Gas. The acquisition is the largest foreign direct investment in India’s city gas distribution (CGD) sector.
The acquisition is going to happen through a tender offer to public shareholders to acquire up to 25.2% shares at ₹149.63 per share, subject to applicable regulations and purchase the residual shares from the Adani Family.