4 days ago
Torrent Gas Is Said to Consider $450 Million IPO in Mumbai
India's Torrent Gas Ltd. is considering an initial public offering in Mumbai that may raise about $450 million, according to people familiar with the matter.
The company, which is the city gas distribution unit of Torrent Group, has invited investment banks to pitch for roles in the planned share sale, said the people, who asked not to be identified because the information is private. An IPO could value Torrent Gas at around $3 billion, depending on how global trade tensions play out, they said.
