Maithan Alloys Limited has informed the Exchange about acquisition of equity share through stock exchange.
MAITHANALL · price
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Maithan Alloys Limited has informed the stock exchanges about acquiring 65,000 equity shares (0.001% shareholding) of GAIL (India) Ltd. through the stock exchange on 9th July 2025 for a total consideration of Rs 1.24 Crore in cash. The acquisition was made purely as an investment to earn long-term or short-term returns and was carried out at arm's length with no related party involvement. Maithan Alloys has clarified that it does not intend to acquire any control over GAIL's management. GAIL (India) is the country's largest state-owned natural gas processing and distribution company, with a turnover of Rs 1,37,288 Crore in FY25.
This is a minor, passive investment in a large unrelated PSU and has negligible impact on Maithan Alloys' own business or financials. Shareholders are unlikely to see any material effect on the stock price or operations from this disclosure.