Maithan Alloys Limited has informed the Exchange about acquisition of Equity Shares through Stock Exchange
MAITHANALL · price
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Awaiting price reaction for this filing.
Maithan Alloys Limited has acquired 6,78,750 equity shares (0.01% shareholding) of GAIL (India) Limited on 26th June 2025 through the stock exchange. The total cost of acquisition was Rs 12.66 Crore, paid in cash. The acquisition is purely an investment for long-term/short-term benefits, and Maithan Alloys has stated it does not intend to acquire control of GAIL either directly or indirectly. The transaction was done at arm's length and is not a related party transaction.
This is a routine treasury/investment activity by Maithan Alloys in a large PSU (GAIL), with a very small stake (0.01%). It is unlikely to have any material impact on Maithan Alloys' stock price or shareholder value, as it is simply a portfolio investment decision.