Maithan Alloys Limited has acquired 9,00,000 equity shares, representing 0.01% of shareholding, in GAIL (India) Ltd through the stock exchange on 1st July 2025.
The total cost of acquisition is ₹17.12 Crore.
The shares were acquired as an investment, with the aim of reaping long-term or short-term investment benefits.
Maithan Alloys does not intend to acquire direct or indirect control of the management of GAIL.
GAIL (India) Ltd is the largest state-owned natural gas processing and distribution company in India with a turnover of ₹1,37,288 Crore, PAT of ₹11,312 Crore, and Networth of ₹63,241 Crore as of 31st March 2025.