Shell sells Mahanagar Gas stake for ₹770 crore

Date posted: Wednesday 21 August 2019

Royal Dutch Shell Plc has exited the city gas distribution business in India. Its unit BG Asia Pacific Holdings Pte. Limited has sold its remaining 10% stake in Mumbai’s city gas distributor Mahanagar Gas Ltd. (MGL) for ₹770 crore, as part of its portfolio optimisation.

(The Hindu)