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The Economic Times

Economy / The Economic Times

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Gail India Gets PNGRB approval to transfer city gas assets to subsidiary

The PNGRB has approved Gail India's transfer of six city gas distribution areas. This move paves the way for Gail Gas to proceed with its initial public offering. Gail Gas plans to raise 3,000 crore through this upcoming public offering. The subsidiary aims to list its shares by the end of the current financial year. Gail India will then dilute a minority stake in its wholly owned subsidiary.

17 Sep 2026 12:51 am