Indraprastha Gas Limited
T. Rowe Price sold 99,73,151 shares of Indraprastha Gas Limited for ₹167.10 Cr at ₹167.55 apiece in an open market transaction. This reduced its stake from 3.68% to 2.97%.
A city gas distributor established in 1998, Indraprastha Gas Limited supplies compressed natural gas, piped natural gas, and liquefied petroleum gas across the National Capital Territory and surrounding regions. The company operates as a key energy infrastructure provider, serving residential, commercial, and industrial customers across Delhi, Noida, Gurugram, Kanpur, Meerut, and other northern cities. It plays an important role in energy distribution across its service areas.
Baltimore-based active asset manager founded in 1937, managing about US$1.5 trillion. It invests in India through several of its funds, including its International Discovery, Emerging Markets Discovery, New Asia and Global Allocation strategies, using bottom-up fundamental research to back growing companies.