Adani may buy BG’s stake in Gujarat Gas | business | Hindustan Times
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Adani may buy BG’s stake in Gujarat Gas

business Updated: Feb 24, 2012 02:14 IST
Reuters
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Adani group is evaluating the potential acquisition of BG Group Plc’s stake in Gujarat Gas, Adani spokesman Ameet Desai said on Thursday.


BG India, a unit of the British oil and gas company, announced in November that it was interested in selling its 65% stake in Gujarat Gas, a western India-focused gas distribution company.

Adani’s holding company also plans to sell its real estate business, which will be taken over by the group's founding family, Desai said. http://www.hindustantimes.com/Images/HTEditImages/Images/24feb_biz5.jpg

The Adani group, led by billionaire Gautam Adani, has grown rapidly beyond its commodities trading business under Adani Enterprises over the past decade.