PNGRB may seek to cancel Adani Gas licences and also

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Canada Goose online We have duly responded to PNGRB with all required informations to close the matter.”One of the sources also added that the regulatory body, PNGRB is yet to grant Adani Gas an approval for selling 37.4 percent co to Total SA since the regulations do not allow shareholding of the current promoters to dip below the 51 percent threshold.Adani Gas’ shareholding changes and restructuring violate city gas norms. PNGRB may seek to cancel Adani Gas licences and also levy Rs 400 crore penalty, the sources said.Besides, PNGRB is also yet to approve Adani Gas’ 37.4 percent stake sale to Frenchenergy giant Total SA.The share price tumbled 11 percent in the early trade on January 24 after the news broke. At 09:22 hrs, it was quoting at Rs 160.90, down Rs 11.95, or 6.91 percent.First Published on Jan 24, 2020 09:29 amtags Adani Gas Business company videoPortfolio Markets Watchlist Live TV Show Currencies Commodities Fixed Income Personal Finance Mutual Fund Stock Market India IPO Global MarketStock Screener Budget 2020 BSE Sensex Forum News. Canada Goose online

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