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 5,55,000 equity shares of GAIL (India) Limited on 2nd July 2025 through the stock exchange, representing 0.017% of GAIL's shareholding. The total cost of the acquisition was Rs. 10.55 Crore. GAIL is India's largest state-owned natural gas processing and distribution company with a turnover of Rs. 1,37,288 Crore and net worth of Rs. 63,241 Crore as of FY25. The acquisition is purely for long-term or short-term investment benefits, and Maithan Alloys has clarified that it does not intend to acquire control over GAIL's management. The disclosure was filed because the acquisition triggered the threshold limit under SEBI LODR Regulations.
This is a small treasury investment (0.017% stake for ~Rs. 10.55 Crore) by Maithan Alloys in a large PSU, and is unlikely to have any material impact on Maithan Alloys' financials or on GAIL's share price. Shareholders should view this as routine portfolio allocation rather than a strategic shift.