France's GDF International S.A. plans to sell its entire 10% stake, worth over INR 2.9 billion, in Petronet LNG Limited (BSE:532522). GDF, a unit of French energy giant Engie Energía Perú S.A., has written to Petronet -- India's biggest importer of liquefied natural gas -- expressing its desire to exit the company. It has offered the stake to Petronet's principal promoters -- GAIL (India) Limited (NSEI:GAIL), Oil and Natural Gas Corporation Limited (NSEI:ONGC), Indian Oil Corporation Limited (BSE:530965) and Bharat Petroleum Corporation Limited (NSEI:BPCL).
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625 INR | +3.15% | +0.77% | 15.74B | ||
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273.4 INR | +0.20% | -1.23% | 41.11B | ||
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- France's GDF To Exit Petronet By Selling 10% Stake