1344.5000 -26.00 (-1.90%)
NSE Jun 13, 2025 15:31 PM
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Mahanagar Gas Ltd.
06 Mar 2023
1344.50
-1.90%
ICICI Securities Limited
Mahanagar Gas (MGL) has announced its first inorganic acquisition in the CGD space, Unison Enviro Pvt Ltd (UEPL), from the latter’s erstwhile promoters Ashoka Buildcon and North Haven India Infra (a Morgan Stanley affiliate). MGL has acquired 100% stake in the fledgling CGD player and has stated UEPL equity value at Rs5.3bn, which implies an enterprise value of ~Rs6.4bn (gross debt on the books of UEPL as of FY22, stood at Rs1.13bn).
Mahanagar Gas Ltd.'s price crossed below 30Day SMA today
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