According to stock exchange data, BG Asia Pacific Holdings (BGAPH), a wholly-owned subsidiary of Shell, sold 9.98 million shares in the com...

Shares of Mahanagar Gas declined 2.32 per cent to Rs 787.35 on Monday.

A good 14 per cent shares, which translates into 13.90 million, changed hands.

Mahanagar Gas, listed in 2016, is a JV between GAIL and BG Asia Pacific.

The sale of equity shares was done in the open market by way of a bulk deal on April 11, Mahanagar Gas Ltd said in a regulatory filing.

"This is part of Shell’s ongoing portfolio optimization to transform Shell into a simpler company, delivering stronger returns,” Shell said...

A total of 4.76 lakh shares changed hands on the counter.

Block deal will be transacted at a 4.2 per cent discount to the closing price of Mahanagar Gas stock.

The company is planning to raise Rs 1,040-crore from its IPO which is priced at Rs 380-421 per share.

Gujarat Gas Company Ltd , the subsidiary of UK's BG group, has posted a 9 per cent dip in profit at Rs 59.5 crore on consolidated basis.

China's telecom major Huawei today said it posted USD 2.47 billion net profit last year, recording about USD 35 billion in revenues.

The British Minister of State for Foreign Office Hugo Swire, alongwith a high-level trade delegation is scheduled to visit Gujarat tomorrow.

BG is already in talks with several bidders, including Germany's E.ON, domestic energy majors and international private equity funds.

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