Fidelity, Aberdeen drawn to gas retailers as India cleans up

Fidelity, Aberdeen drawn to gas retailers as India cleans up

Fidelity Investments and Morgan Stanley Investment Management have increased exposure to Indian city-gas retailers, as Prime Minister emphasis on clean fuels burnishes the outlook for the industry.

The demand from investors has been so strong that Indraprastha Gas Ltd., which supplies to homes and vehicles in New Delhi, raised the cap on foreign ownership to 30 percent from 24 percent, and may increase it again, Managing Director E.S. Ranganathan said. India’s largest city gas Read More…

 

 

Credit by: The Economic Times

Leave a Reply

Your email address will not be published.