Mahanagar Gas Limited
Eastspring Investments sold 7,25,150 shares of Mahanagar Gas Limited for ₹69.40 Cr at ₹957.01 apiece in a bulk deal. This transaction reduced Eastspring Investments' stake from 3.15% to 2.41%.
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.