Indraprastha Gas Limited
PPFAS Mutual Fund increased its stake in Indraprastha Gas Limited from 4.80% to 5.77% by purchasing 1,35,45,911 shares for ₹209.69 Cr at ₹154.80 apiece in an open market transaction, crossing the 5% disclosure threshold.
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.
Founded by Parag Parikh Financial Advisory Services, best known for the Parag Parikh Flexi Cap Fund which invests in both Indian equities and select global large-caps including Meta, Alphabet, and Microsoft. Manages over Rs 1.2 lakh crore with a concentrated, long-duration, value-focused approach. CIO Rajeev Thakkar is one of India's most respected investors with a Munger-influenced thinking style.