Gujarat Energy Limited
Mirae Asset Mutual Fund acquired 3,40,36,014 shares of Gujarat Gas Limited for ₹1253.38 Cr at ₹368.25 apiece through an open market purchase, increasing its stake from 0.35% to 5.29% and crossing the 5% disclosure threshold.
A natural gas distribution company operating across South and Central Gujarat and Saurashtra, Gujarat Gas Limited supplies CNG, PNG, LPG, and LNG to domestic, industrial, commercial, and non-commercial customers. The company operates as a government entity engaged in building and maintaining distribution networks that connect gas sources to end-users. It serves multiple customer segments and geographical regions throughout its operational areas in India.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.