03-07-2025
Maithan Alloys acquires stake in GAIL India worth Rs 10.55 crore
By Aditya Bhagchandani Published on July 3, 2025, 10:59 IST
Maithan Alloys Limited has disclosed that it acquired 5.55 lakh equity shares of GAIL (India) Limited, amounting to 0.017% stake, in a stock exchange transaction on July 2, 2025, for a total consideration of ₹10.55 crore.
In a filing to stock exchanges under Regulation 30 of SEBI (LODR) Regulations, Maithan Alloys stated that the acquisition forms part of its investment portfolio, aimed at reaping long-term and short-term benefits. The company clarified it does not intend to acquire control over GAIL, directly or indirectly.
GAIL, India's largest state-owned natural gas processing and distribution company, reported a turnover of ₹1,37,288 crore and a net profit of ₹11,312 crore for FY25, with a net worth of ₹63,241 crore. GAIL's diversified portfolio spans natural gas transmission, trading, LPG, liquid hydrocarbons, and petrochemicals, with interests in India and abroad.
The shares were acquired at market price through stock exchanges, and Maithan noted the event occurred on July 2 and was confirmed on July 3.
'The shares were acquired through the stock exchange and form part of Maithan Alloys' investment portfolio with a view to reap the long-term/short-term investment benefits,' the company said.
Maithan Alloys, headquartered in Kolkata, is engaged in the production and sale of ferro alloys and related products, with manufacturing facilities in West Bengal, Meghalaya, and Andhra Pradesh.
For FY25, GAIL's turnover stood at ₹1,37,288 crore, up from ₹1,30,638 crore in FY24 and ₹1,41,302 crore in FY23.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
