Five Indian and Six Foreign Companies Mull over Individual Acquisition of Interest in Reliance Gas Transportation Infrastructure - Deal Analysis from GlobalData
Summary
Five Indian companies including GAIL (India) Limited, Oil India Limited, Infrastructure Leasing & Financial Services Limited (IL&FS) and six foreign companies including Enbridge Inc., and private equity firms 3i Group plc, The Blackstone Group L.P. and KKR & Co. L.P. consider acquiring equity interest in Reliance Gas Transportation Infrastructure Ltd. (RGTIL), an energy and utilities company that carries out midstream gas activities. The transaction is expected to be valued at INR100,000m ($1,939.56m). RGTIL currently operates a $3.75 billion East-West gas pipeline that supplies gas from D6 block in the Krishna Godavari Basin of Kakinada, Andhra Pradesh, India.
JPMorgan Chase & Co., Citibank, N.A. and SBI Capital Markets Limited are acting as financial advisors to GAIL (India) Limited and Oil India in the transaction.
Scope
- Rationale behind RGTIL selling its gas pipeline business,
- Stratigic benefits for the companies involved in the transaction
- Geography covered- India
Reasons to buy
- Develop a sound understanding about Reliance Gas Transportation and Infrastructure selling its gas pipeline business.
- Identify the most lucrative opportunities to leverage on available in India's oil & gas midstream market.
- Get a detailed analysis of a deal to enable you to take better decisions.
Keywords
Reliance Gas Transportation and Infrastructure, GAIL (India) Limited, Oil India Limited, EnBridge Inc., Krishna Godavari D6 Block, East West Gas Pipeline |