BPCL shares climb 2% following in-principle approval for MNGL IPO
In response to reports about a planned Rs 1,000 crore IPO, the company confirmed that its board has approved the proposal. BPCL, GAIL India, and IGL are preparing to list their joint venture city gas ...
cnbctv1816d
IGL can unlock value for its shareholders courtesy of a new listing; Details here
Citi wrote in its note that a listing of MNGL could help unlock value for IGL, as its two Joint Venture Companies, MNGL and CUGL, together contribute ₹56 per share to its price target of ₹450 on the ...
IGL, BPCL, Gail (India) shares rise 2% each on in-principle nod to MNGL IPO
Shares of Bharat Petroleum Corporation (BPCL), Indraprastha Gas (IGL), Gail (India) were in focus on Tuesday, January 7, 2025. BPCL share price, today, rose 2 per cent (Rs 290.5 per share) in the ...
Businessworld17d
BPCL, GAIL, IGL To Introduce Rs 1,000 Cr IPO For Joint Venture MNGL
GAIL India, and Indraprastha Gas or IGL are preparing to list their joint venture, Maharashtra Natural Gas or MNGL, through an initial public offering (IPO) worth over Rs 1,000 crore. The public ...
Citi bullish on Indraprastha Gas as MNGL prepares for Rs 1,000-crore IPO
Citi remains bullish on IGL, highlighting MNGL’s Rs 1,000 crore IPO as a key value driver, contributing Rs 45 per share to IGL’s valuation.
cnbctv1813d
IGL, MGL shares may rise up to 34%, Emkay says, expecting a strong Q4
The third quarter is expected to be weak for both IGL and MGL, but the fourth quarter of FY25 could see improvement, driven ...
Businessworld16d
BPCL Nods Maharashtra Natural Gas’ Rs 1,000 Cr IPO
Bharat Petroleum Corporation (BPCL) approved the initial public offering (IPO) of the Maharashtra Natural Gas (MNGL), mentioned in the latest exchange filing on 06 January.  “We would however like to ...
BPCL approves Rs 1,000 crore IPO of JV company Maharashtra Natural Gas
Maharashtra Natural Gas (MNGL) is a natural gas distribution company engaged in supplying Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Maharashtra.
psuconnect16d
BPCL, GAIL, and IGL shares rose over 2.5% amid getting approval for MNGL’s IPO
GAIL, and Indraprastha Gas Limited (IGL) increased by up to 2.5% on Tuesday, January 7. This rise followed BPCL's board giving in-principle approval for the initial public offering (IPO) of ...
The Financial Express15d
BPCL approves Rs 1000 crore Maharashtra Natural Gas IPO
Mark Mobius’ big bet, Infosys shares near 52-week high ahead of Q3 earnings MNGL is a city gas distribution entity. It is a joint venture of two Maharatna PSUs, GAIL (India) and BPCL with equity ...
Mint15d
Maharashtra Natural Gas IPO: BPCL board approves ₹1,000 crore public issue of JV company
“We would however like to mention that there has been a news report that MNGL, joint venture of BPCL, GAIL, IGL is preparing to list through IPO of over Rs.1000 crore. In this respect, BPCL ...
BPCL board OKs 1,000-cr Maharashtra Natural Gas IPO
Bharat Petroleum Corporation (BPCL) informed that its board has given in-principle approval for the initial public offering (IPO) of Maharashtra Natural Gas (MNGL).