Torrent Gas IPO Expected to Raise $450 Million for Expansion

Torrent Gas plans a $450 million IPO to fund network expansion and capex in India's growing city-gas distribution market.

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Torrent Gas IPO Expected to Raise $450 Million for Expansion

Torrent Gas IPO Expected to Raise $450 Million for Expansion
Torrent Gas is set to launch its IPO, aiming to raise approximately $450 million. The funds will support the company's expansion plans in the city-gas distribution business, focusing on network upgrades and capital expenditure. Investors are closely monitoring the IPO, as regulated returns and volume growth remain key factors driving interest in India's gas infrastructure sector.
Companies:
  • Torrent Gas
Tags:
  • ipo
  • torrent gas