GAIL (India) has executed Share Purchase Agreements (SPA) with NTPC on for purchase of NTPC's entire shareholding of 14.82% in Konkan LNG Ltd. (KLL).

Consequently, GAIL's shareholding in KLL increased to 92.15%.

The company also approved sale of GAIL's entire shareholding (25.51%) in Ratnagiri Gas and Power Pvt. Ltd. (RGPPL) to NTPC. Consequently, GAIL's shareholding in RGPPL reduced to nil.