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Indraprastha Gas Ltd Announces Share Purchase Agreement


Wednesday, 12 Jun 2013 08:38am EDT 

Indraprastha Gas Ltd announced that with reference to the earlier letter dated February 09, 2013 informing the decision of the Board of the Company to invest in the equity share of M/s. Central U.P. Gas Limited (CUGL), Indraprastha Gas Ltd has informed that on June 12, 2013, the Company has signed Share Purchase Agreements to acquire 3,00,00,000 equity shares of INR10 each of CUGL (constituting 50% of the paid-up equity share capital of CUGL) at a price of INR23 per equity share aggregating to INR690 millions from the financial investor shareholders of CUGL. 

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