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Megha Engineering: Big electoral bond buyer Megha Engineering to sell city gas business

Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22. ....

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AG&P Pratham, Think Gas set for $1.1-billion merger

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. ....

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AG&P Pratham, Think Gas Set for $1.1-billion Merger

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. ....

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AG&P Pratham set to sign $1.1bn merger deal with Think Gas

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. ....

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Grapevine: I Squared-backed gas firms to merge; A91 Partners to raise $750-mn fund

I Squared Capital-backed Indian city gas distribution firms AG&P Pratham and Think Gas Distribution are set to merge in a stock-for-stock deal valued at over .. ....

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