GAIL executes SPAs with NTPC
Gas

GAIL executes SPAs with NTPC

GAIL's shareholding in KLL increased to 92.15%.

  • By ICN Group | February 25, 2021

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.

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