IFCI VC, others to pick up stake in Sabarmati Gas

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▤ Summary

The company was formed in 2006 with an authorised capital of Rs 100 crore for implementing the city gas (CNG) distribution project targeting the household and automobile sectors in Gandhinagar, Mehsana and Sabarkantha districts. SGL also supplies gas to industrial units in Santej, Karoli, Khatraj, Vadsar and Bhat areas of Gandhinagar district. SGL had last year said that it’s looking to raise Rs 140 crore in equity and had appointed SBI Capital Markets as the adviser. All rights, including copyright, in this content/article provided by VCCircle.com are owned or controlled by Mosaic Media Ventures Private Limited. The content may not be copied, broadcast, downloaded and stored (in any medium), transmitted, adapted or changed in any way whatsoever without the prior written permission of Mosaic Media Ventures Private Limited.

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