February 20, 2020

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Adani Gas share price gains 12% on clean chit from PNGRB

Adani Gas share rate rose almost 13percent intraday on February 20 after the organisationacquired a clean chit from the Petroleum and Natural Gas Regulatory Board (PNGRB).

PNGRB disposed of a November 29 show-cause note to the corporation and alsoaccepted Total’s 37 percentage stake buy in Adani Gas, CNBC-TV18 quoted sources as saying.

At 1518 hours, Adani Gas Limited was quoting at Rs 174.35, up Rs 10.05, or 6.12 percent, on the BSE.

The share touched its 52-week high of Rs 185.60 on January 2, 2020 and 52-week low of Rs 85 on February 4, 2019.