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After domestic LPG cylinders, the government has also reduced the rates of CNG (Compressed Natural Gas). After this, prices have reduced by Rs 2 to Rs 3 in Bhopal. Now one kilogram gas is available for Rs 89.50 to Rs 90.50. The CNG pump at MANIT has the lowest rates of CNG . Gas is available at
The combined entity will be valued at over $1.1 billion, acquiring the heft that will help it compete with rivals. It will be a stock-for-stock merger — a share of one company for each of the other. Currently, I-Squared holds 100% stake in Think Gas Distribution and 73% in AG&P Pratham, the India arm of Singapore-based Atlantic Gulf & Pacific (AG&P) City Gas.
Global infrastructure investor I-Squared Capital-backed city gas distribution companies in India — AG&P Pratham and Think Gas Distribution — are set to merge, according to two industry executives aware of the development.
AG&P Pratham, the India arm of Singapore-based Atlantic Gulf & Pacific City Gas, and Think Gas Distribution, both operating under the umbrella of I-Squared Capital, are set to undergo a stock-for-stock merger.
As Finance Minister Nirmala Sitharaman sets to present Budget 2024 on February 1 in Parliament, key players in the oil and gas industry have set forth their expectations, eyeing crucial reforms and policy shifts.