GAIL selling $65 mn worth of stake in China Gas

Written By Unknown on Jumat, 11 Oktober 2013 | 21.03

Oct 11, 2013, 04.41 PM IST

GAIL is selling 60 million shares in China Gas at a price range of HK Dollar 8.2 to HK Dollar 8.3 per share, the term sheet showed.

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GAIL selling $65 mn worth of stake in China Gas

GAIL is selling 60 million shares in China Gas at a price range of HK Dollar 8.2 to HK Dollar 8.3 per share, the term sheet showed.

Like this story, share it with millions of investors on M3

GAIL selling $65 mn worth of stake in China Gas

GAIL is selling 60 million shares in China Gas at a price range of HK Dollar 8.2 to HK Dollar 8.3 per share, the term sheet showed.

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India's state-run gas company GAIL is selling about USD 65 million worth of stake in China Gas Holdings Ltd through block trade, according to a term sheet seen by Reuters.

Zero duty on imported gas should be for all sectors: GAIL

GAIL is selling 60 million shares in China Gas at a price range of HK Dollar 8.2 to HK Dollar 8.3 per share, the term sheet showed.


On October 11, 2013, GAIL India closed at Rs 336.05, up Rs 4.80, or 1.45 percent. The 52-week high of the share was Rs 395.00 and the 52-week low was Rs 273.00.

The company's trailing 12-month (TTM) EPS was at Rs 29.14 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 11.53. The latest book value of the company is Rs 191.00 per share. At current value, the price-to-book value of the company was 1.76.


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