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Maithan Alloys Ltd. ( (IN:MAITHANALL) ) has issued an announcement.
Maithan Alloys Limited has announced the acquisition of equity shares in GAIL (India) Ltd., a major player in the gas transmission and marketing industry. The acquisition, completed through a stock exchange transaction, involves a 0.01% stake in GAIL, amounting to 900,000 shares at a total cost of Rs 17.12 crore. This strategic investment is part of Maithan Alloys’ broader investment strategy to gain long-term and short-term benefits. The company has clarified that it does not intend to acquire control over GAIL’s management.
More about Maithan Alloys Ltd.
Average Trading Volume: 5,726
Current Market Cap: 35.88B INR
Learn more about MAITHANALL stock on TipRanks’ Stock Analysis page.