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Mahanagar Gas Limited

ExitedQuarterly
MGLUtilitiesMarket Cap₹10K Cr
Prev stake
1.05%
Holding before
10.36 L shares
As of
Sept 2026
Since alert−1.7%₹1,054.00 → ₹1,036.20
Nifty 50−1.7%
Eastspring Investments
Eastspring Investments
Foreign Investor
The move

Eastspring Investments, which previously held a 1.05 percent stake in Mahanagar Gas Limited, has dropped off the latest shareholder list. This indicates the investor either executed a complete exit or trimmed its holding below the 1 percent reporting threshold.

About Mahanagar Gas Limited
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A city gas distribution company, Mahanagar Gas Limited supplies natural gas to residential, commercial, and industrial consumers across Mumbai and adjoining areas, including Raigad District in Maharashtra. The company operates an extensive pipeline network delivering piped cooking gas and compressed natural gas for vehicles. Operating as a franchisee under India's city gas distribution framework, it serves as a key energy infrastructure provider in western India.

About Eastspring Investments
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Asian asset management arm of Prudential plc, headquartered in Singapore. Runs multiple India strategies.

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Mahanagar Gas Limited
More moves in Mahanagar Gas Limited
Axis Mutual FundExited
Axis Mutual Fund has dropped off the Mahanagar Gas Limited shareholder list after last holding a 1.17 percent stake. This indicates either a complete exit or a trim below the 1 percent threshold required for public disclosure.
16 Oct 2026
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ICICI Prudential Mutual FundExited
ICICI Prudential Mutual Fund has fallen off the latest Mahanagar Gas Limited shareholder list. After previously holding 1.46 percent, ICICI Prudential Mutual Fund has either completely exited the stock or trimmed its stake to just below the 1 percent reporting threshold.
16 Oct 2026
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Bajaj Allianz Life InsuranceDecreased
Bajaj Allianz Life Insurance trimmed its stake in Mahanagar Gas from 1.10% to 1.03%, selling 66,055 shares.
16 Oct 2026
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LICDecreased
LIC decreased its stake in Mahanagar Gas Limited from 6.75% to 5.80%, selling 9,36,500 shares.
16 Oct 2026
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Aditya Birla Sun Life Mutual FundDecreased
Aditya Birla Sun Life Mutual Fund reduced its stake in Mahanagar Gas Limited from 1.33% to 1.10%, selling 2,26,024 shares.
16 Oct 2026
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