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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (9319)	11/4/1999 1:32:00 AM
From: Mohan Marette	Read Replies (1) of 12475

AIG (American International) to take 25% stake in Indraprastha Gas iglindia.com 04-11-1999 11:06:48 (Probity) AIG will take 25% in IGL US insurance major American International Group (AIG) will take a 25% stake in Delhi-based gas distribution company, Indraprastha Gas Ltd. (IGL), through its local affiliate, IL&FS. IGL has been promoted by public sector energy companies BPCL (Bharat Petroleum) and GAIL ( Gas Authority of India Ltd.), who have a combined 45% stake in the company. While, IDFC holds a 15% stake in the Rs1.27bn Indraprastha Gas, SBI Caps holds 10% and the government of Delhi is taking upto 5%. At present, AIG?s equity stands at Rs300mn.

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