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At 09:15 am; around 9.07 million shares representing 9.18% of total equity of Mahanagar Gas have changed hands for about of Rs 8,208 million through block deal, the NSE data shows.
At 09:35 am; the stock was trading 2.7% lower at Rs 919 on the NSE, as compared to 0.08% decline in the S&P BSE Sensex. A combined 13.24 million shares changed hands on the counter on the NSE and BSE, the exchanges data shows.
According to media report BG Asia Pacific Holdings Pte Limited is looking to sell up to 12.5%, stake in the company.
Mahanagar Gas is a joint venture between GAIL India and BG Asia Pacific Holdings Singapore.