GSPC likely to bid for BG stake in Gujarat Gas

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GSPC likely to bid for BG stake in Gujarat Gas

Today share of Gujarat Gas Company has gained around 7% on the likely bid by GSPC (Gujarat State Petroleum Corporation) for BG stake in the company, reports CNBC-TV18.

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Today share of Gujarat Gas Company has gained around 7% on the likely bid by GSPC (Gujarat State Petroleum Corporation) for BG stake in the company, reports CNBC-TV18.

The non-binding bids for BG stake in Guj Gas to be submitted today.

Meanwhile, Reliance Industries (RIL) may also join the race, reports Business Standard.

However, Gujarat Gas Company touched an intraday high of Rs 413.90 and an intraday low of Rs 391. At 09:18 hrs the share was quoting at Rs 406.25, up Rs 25.80, or 6.78%.
 
It was trading with volumes of 25,609 shares. In the previous trading session, the share closed down 0.70% or Rs 2.70 at Rs 380.45.