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Tata Realty and Infrastructure Ltd has been taking 10 percent stake in a Rs 5,900 crore floating LNG import terminal being set up by Swan Energy in Gujarat.
This investment will be the first one by Tata Group in a gas business.
Swan Energy has said in a stock exchange filing that it has “received an Expression of Interest (EOI) from Tata Realty and Infrastructure Ltd, showing its willingness to invest up to 10 percent of the equity.”
It has said in a separate filing that ahead of the move, the authorized share capital of Swan LNG Pvt Ltd “has been increased from Rs 5 lakh to Rs 2,000 crore.”
