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 bought 260,000 equity shares (0.004% stake) of GAIL (India) Ltd on 30th June 2025 for a total of Rs 4.96 Crore through the stock exchange. The purchase was made in cash as part of the company's investment activity to earn long-term or short-term investment benefits, and not as a related party transaction. GAIL is India's largest state-owned natural gas processing and distribution company, with a turnover of Rs 1,37,288 Crore in FY25. Maithan has clarified that it does not intend to acquire any control over GAIL's management, and no regulatory approvals were required for this small stake purchase.
This is a minor, passive treasury investment and is unlikely to have any meaningful impact on Maithan Alloys' share price or core ferro alloys business. Shareholders should view this as routine investment activity rather than a strategic shift.