GAIL (India) Limited

T. Rowe Price Global Allocation acquired 7,07,29,313 shares, representing a 1.08% stake in GAIL (India) Limited, marking a new position in its portfolio.

India's integrated natural gas company operates an extensive pipeline network spanning over 11,500 kilometers for natural gas and 2,300 kilometers for LPG distribution. The Government of India undertaking manages LPG processing units, petrochemical facilities, and holds strategic interests in liquefied natural gas ventures and city gas distribution networks across several cities. GAIL maintains wholly owned international subsidiaries in Singapore and the United States to expand operations in LNG trading, petrochemicals, and shale gas assets.

Multi-asset global allocation fund managed by T. Rowe Price, a Baltimore-based active manager, with India exposure.