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Indraprastha Gas gets nod to raise foreign investment limit to 30%

Indraprastha Gas (IGL) has received an approval to increase foreign institutional investors (FIIs) / foreign portfolio investors (FPIs) shareholding limits from 24% of paid up equity share capital to 30% of the paid up share capital of the Company. The board of directors at their meeting held on April 27, 2017, has approved for the same.

IGL is engaged in distribution of CNG and PNG in Delhi. IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the domestic, transport, and commercial sectors.

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