Consolidated Financial Results H1 FY'22

Acquisition of Equity in Other CGDs igl IGL has acquired 50% equity share capital of Central UP Gas Limited (CUGL) at a price of Rs. 23 per equity share aggregating to Rs.68 crores. CUGL is engaged in the CGD in the cities of Kanpur and Bareilly, Unnao & Jhansi in Uttar Pradesh. IGL has acquired 50% equity share capital of Maharashtra Natural Gas Limited (MNGL) at a price of Rs.38 per equity share aggregating to Rs.190 crores. MNGL is engaged in the CGD in the city of Pune and nearby areas. The above has resulted in diversification of geographical areas. 22 22

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