GAIL India: Déjà vu – hive-off on cards in near term (GAIL IN, Mkt Cap USD7.6b, CMP INR121, TP INR155, 28% Upside, Buy) - According to media , the Oil Ministry has moved the cabinet, seeking approval to split GAIL’s pipeline business into a separate entity. - The cabinet is likely to consider the proposal shortly. Post approval, a consultant will be appointed to carry out the transfer of assets to a separate entity (taking additional ~8-10 months to complete). - This is...
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