INSUBCONTINENT EXCLUSIVE:
MUMBAI: BG Asia Pacific Holding, the promoter of Mumbaibased city gas distribution Mahanagar Gas, is looking to sell up to 14% stake for
$169 million in the company through a block deal on Thursday, the term sheet seen by ET showed
joint venture between GAIL and BG Asia Pacific
BG Asia Pacific Holding is a subsidiary of BG Plc UK.
BG Asia will sell 1.38 crore shares though the block deal
After the block deal, BG Asia holding in Mahanagar Gas will drop to 10%, which has a lockin period up to June 29, 2019, according to the
Citi is the book runner to the deal.
