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Mahanagar Gas makes strong debut

Mahanagar Gas makes strong debut

Mahanagar Gas (MGL) has listed at Rs.540, a 28 per cent premium against issue price of `421 per share, on the National Stock Exchange (NSE). The stock hit a high of 549 within minutes of listing. It also touched a low of Rs.532 in intra-day trading.

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Mahanagar Gas mulls Rs 1,000 cr IPO next year

Mahanagar Gas mulls Rs 1,000 cr IPO next year

Mahanagar Gas, which supplies natural gas to Mumbai, is mulling an initial public offer (IPO) worth around Rs 1,000 crore. For giving a mandate for the public offer, the company expects a valuation of over Rs 6,000 crore and is in talks with banks.