Japan-based Itochu Corp and Toyota Tsusho have joined the race to
acquire 25 per cent stake in Gujarat State Petroleum Corporation
(GSPC)-promoted LNG venture, said the media reports.
Other than the two Japanese firms, four Indian companies including Gail India, Petronet LNG, Torrent Group and a JV between RIL and BP have also expressed interest to acquire stake in the venture to build an LNG terminal at Mundra, the report added.
In the LNG venture, GSPC will hold 50 per cent stake and Adani Group will own 25 per cent interest, while the remaining stake of 25 per cent will be allotted to either one or more than one investors in different proportions.
"Besides Indian and Japanese players, some other potential investors too have approached us and they are seeking more time to confirm their participation in the bidding process. We are open to allot 25 per cent equity to one or more investors in different proportions," a source told media. Published by HT Syndication with permission from Dion Global Solutions Limited . For any query with respect to this article or any other content requirement
Other than the two Japanese firms, four Indian companies including Gail India, Petronet LNG, Torrent Group and a JV between RIL and BP have also expressed interest to acquire stake in the venture to build an LNG terminal at Mundra, the report added.
In the LNG venture, GSPC will hold 50 per cent stake and Adani Group will own 25 per cent interest, while the remaining stake of 25 per cent will be allotted to either one or more than one investors in different proportions.
"Besides Indian and Japanese players, some other potential investors too have approached us and they are seeking more time to confirm their participation in the bidding process. We are open to allot 25 per cent equity to one or more investors in different proportions," a source told media. Published by HT Syndication with permission from Dion Global Solutions Limited . For any query with respect to this article or any other content requirement
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