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Adani Gas Ltd.

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Adani Gas Ltd.

Adani Gas Ltd.

Adani Gas
  CMP FV 52 W High 52 W low Market Cap Equity Net Worth Total Debt Revenue PAT EPS BV PE PB Promoter Holdings
  Rs Rs Rs Rs Cr Cr Cr Cr Cr Cr Rs Rs     %
2020 Q1 150.6 1 184.25 70.2 16563 110 1181 346 490 79 0.72 10.74 52.24 14.02 74.8
2019 150.6 1       110 1102 346 1910 229 2.08 10.02 72.42 15.03 74.8

 

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.

 

 

 

 

 

 

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