The government's decision to regulate marketing margins for natural gas will hurt the deal valuation in BG's sale of its 65% stake in Gujarat Gas, which has attracted ONGC, Bharat Petroleum, GSPC, Adani, Torrent Power, Germany-based E.ON, Electricitie-De France and global private equity firms, executives and bankers said.
"This issue could affect BG's overall valuations," said a person close to the deal. Leading gas transportation firm, state-run Gail India, has already opted out of the race as it felt the current share price of the company was too high to make it a worthwhile target.
"This issue could affect BG's overall valuations," said a person close to the deal. Leading gas transportation firm, state-run Gail India, has already opted out of the race as it felt the current share price of the company was too high to make it a worthwhile target.
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