In the latters initial public offering (IPO), decreasing its holding to 32.5% GAIL sold a 12.5% stake in Mahanagar Gas Ltd (MGL).
Except MGL, GAIL has joint ventures with 5 more city gas distribution companies together with Aavantika Gas Ltd, Bhagyanagar Gas Ltd, Central UP Gas Ltd, Green Gas Ltd and Indraprastha Gas Ltd.