Smart Money Alert

Mahanagar Gas Limited

DecreasedQuarterly

MGLUtilitiesMarket Cap₹10K Cr

Stake

1.10% → 1.03%

Holding

10.19 L shares

Change

−66,055 shares

As of

Sept 2026

Since alert−1.7%₹1,054.00 → ₹1,036.20

Nifty 50−1.7%

Bajaj Allianz Life Insurance

Institution

The move

Bajaj Allianz Life Insurance trimmed its stake in Mahanagar Gas from 1.10% to 1.03%, selling 66,055 shares.

About Mahanagar Gas Limited

+ Follow Visit stock

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 Bajaj Allianz Life Insurance

+ Follow Visit investor

Now wholly owned by Bajaj Finserv after the Bajaj Group bought out Allianz SE's 26% stake in March 2025 for Rs 24,180 crore. Total AUM over Rs 1.2 lakh crore. Flagship Pure Stock Fund manages over Rs 7,200 crore as a Shariah-compliant Indian equity book. Active investor across large and midcap names through ULIP and group fund vehicles.

Get the next move the moment it happens.

Follow Bajaj Allianz Life Insurance and Mahanagar Gas Limited on WhaleWatch, alongside 300+ top investors, funds and FPIs. The newest moves are waiting for you inside.

Explore

Mahanagar Gas Limited shareholders Bajaj Allianz Life Insurance's portfolio All investors All stocks

🤖 We track their every move, post, interview and article. Obsessively.

⚡ Every move reaches your feed in minutes, while it still carries an edge

📊 Stake changes, bulk deals and insider trades, all tracked in one place

📰 A two-minute morning brief, so you start the day already ahead

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

Eastspring InvestmentsExited

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.