Gujarat State Petronet Ltd (GSPL) today said it has bought 27.43 per cent stake in Sabarmati Gas Ltd from financial institutions for Rs 56.23 crore.

Sabarmati Gas Ltd (SGL) is a joint venture of Bharat Petroleum Corporation Ltd (BPCL), Gujarat State Petroleum Corporation Ltd (GSPC) and GSPL, which was incorporated 2006 for retailing CNG to automobiles and piped cooking gas to households in Gandhinagar, Mehsana and Sabarkantha districts of Gujarat. The paid up share capital of SGL is Rs 20 crore.

http://economictimes.indiatimes.com/industry/energy/oil-gas/gspl-buys-27-43-stake-in-sabarmati-gas-for-rs-56-23-crore/articleshow/51045901.cms

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