India: Shell Reduces Stake in Mahanagar Gas to 24%
BG Asia Pacific Holdings Pte Ltd.(BGAPH), a wholly-owned unit of Royal Dutch Shell Plc, has pared its shareholding in natural gas distribution company, Mahanagar Gas Ltd. (MGL), to 24 per cent from 32.50 per cent.
The share sale is a part of the ongoing portfolio optimisation to transform into a simpler company, delivering stronger returns, Shell said in a statement without offering details on the equity dilution.
“We believe in the key role that gas will play in India and continue to seek opportunities in that arena. Our investment in the Hazira LNG receiving terminal in Gujarat and the recent creation of Shell Energy India, our gas marketing and trading business, show our commitment to grow in India and to increase gas penetration in the country. Shell looks forward to playing a significant part in the energy transition in India,” the statement added.
Apart from Shell, state-run natural gas firm GAIL holds 32.50 per cent stake in MGL, the Maharashtra Government 10 per cent and public shareholders 25 per cent.
You May Interested In
2026-09-05
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Shell Plans to Sell U.S. Chemical Assets for Up to $8 Billion, with ExxonMobil and LyondellBasell Joining the Bidding
-
Three Major Indian Chemical Investments Target China's PC Exports
-
European Petrochemicals Enter 'Era of Downsizing' as Dow, TotalEnergies, Shell Exit Older Cracker Assets
-
India Launches Anti-Dumping Probe into PET Film from China, Singapore, Thailand and the UAE
-
India Imposes Final Anti‑Dumping Duties on Ethylenediamine from China, EU, Saudi Arabia, and Taiwan, China, with Top Rate of $575/tonne
-
Urea Prices Surge as India Faces Critical Shortages: Will China’s Export Quotas Provide Relief?
-
India Extends Anti-Dumping Duties on Aniline Imports from China for Five More Years
-
Covestro India and CSIR-NCL Collaborate to Transform Polyurethane Waste
-
India Imposes Anti-Dumping Duties on Chinese vitamin A Palmitate and Insoluble Sulfur Products
-
Indian Government Increases Excise Duty on Petrol and Diesel
Recommend Reading
-
![Chemical Tanker Explodes Off Oman Coast, Maritime Security Risk Escalates Again]()
Chemical Tanker Explodes Off Oman Coast, Maritime Security Risk Escalates Again
-
![China's National Narcotics Control Commission Issues Important Notice: Beware of These 8 Chemicals Being Diverted for Drug Production]()
China's National Narcotics Control Commission Issues Important Notice: Beware of These 8 Chemicals Being Diverted for Drug Production
-
![U.S. Chemical Companies Are Benefiting from This Feedstock Shock]()
U.S. Chemical Companies Are Benefiting from This Feedstock Shock
-
![BASF Raises European NPG and HDO Prices by Up to €300/Tonne as Costs Climb]()
BASF Raises European NPG and HDO Prices by Up to €300/Tonne as Costs Climb
-
![Rising Naphtha Prices in Japan Drive Up Costs for Diapers, Sanitary Products, and Cosmetics]()
Rising Naphtha Prices in Japan Drive Up Costs for Diapers, Sanitary Products, and Cosmetics
-
![Business Society’s Market Outlook for China’s Hydrofluoric Acid on August 13, 2026: Volatile and Tending to Weaken]()
Business Society’s Market Outlook for China’s Hydrofluoric Acid on August 13, 2026: Volatile and Tending to Weaken
-
![Insufficient Positive Factors, This Week's Cyclohexanone Market in Shandong Narrowly Decreased]()
Insufficient Positive Factors, This Week's Cyclohexanone Market in Shandong Narrowly Decreased
-
![Business Society’s DOP Market Outlook on August 14, 2026: Clearly Upward Trend]()
Business Society’s DOP Market Outlook on August 14, 2026: Clearly Upward Trend
-
![What is Amylum Starch? (Old Terminology & Modern Equivalent)]()
What is Amylum Starch? (Old Terminology & Modern Equivalent)
-
![This week, the Chinese anhydrous hydrogen fluoride market remains stable (11.3-11.6)]()
This week, the Chinese anhydrous hydrogen fluoride market remains stable (11.3-11.6)
