India: Mahanagar Gas raises $45.9m from anchor investors ahead of IPO

India: Mahanagar Gas raises $45.9m from anchor investors ahead of IPO

A day ahead of its public issue, Mahanagar Gas Ltd (MGL), the sole supplier of natural gas in Mumbai and its adjoining areas, on Monday raised Rs.309.36 crore by allotting shares to anchor investors, the company said in a stock exchange filing.

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