Eastspring Investments bought 66,037 shares of Mahanagar Gas Limited for ₹6.88 Cr at ₹1042.30 apiece in an open market transaction. This increased its stake from 4.95% to 5.01%, crossing the 5% disclosure threshold.
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.
Asian asset management arm of Prudential plc, headquartered in Singapore. Runs multiple India strategies.