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Mahanagar Gas : Step on the gas

There is little not to like the initial public offer of city gas distributor Mahanagar Gas that opens on Tuesday. The company has near-monopoly in the supply of compressed natural gas (CNG) and piped natural…

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Mahanagar Gas finalizes Rs1,040 crore IPO

Mahanagar Gas Ltd, the sole supplier of natural gas in Mumbai and its adjoining areas, plans to raise Rs.1,040 crore through an initial public offering (IPO). The Mumbai-based firm, a joint venture of state-run GAIL…