GAIL Gas Plans IPO in FY28, Parent to Sell 25%
GAIL Gas plans an initial public offering in FY28, which would give it a listing on the stock market. Its parent company, GAIL, plans to sell a 25% stake. The move lets the parent unlock value from its holding in the subsidiary.
Context
Context: GAIL is a state-run company that supplies natural gas across India. An IPO means selling shares to the public for the first time, and parent companies often list subsidiaries to raise money and make their value visible.
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