Mumbai, April, 2016: Mahanagar Gas Limited today announced that it will undertake a Public Awareness Campaign to educate its valued customers in Mumbai and neighbouring areas regarding fraudulent agencies/ individuals who pose as authorized agents of MGL.
Due to the high risk involved, it is imperative to ensure the safety and security of its domestic PNG consumers. MGL will reach out across its network through various mediums such as Press Advertisements, PNG bill insertions, Consumer Forums, Cautionary messages at walk-in centres, Welcome-kits for new customers, Website and Mobile App updates, SMS and social media alerts to caution against fraudulent activities.
MGL already has initiatives to protect and safeguard customers from being defrauded.
MGL's focus is to ensure that more concerted efforts are made to curb any disrespectful activities towards its customers.
Mahanagar Gas Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares and has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India (“SEBI”). The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and the website of the Book Running Lead Managers i.e. Kotak Mahindra Capital Company Limited at www.imvestmentbank.kotak.com and the Citigroup Global Markets India Private Limited at www.onlinecitibank.co.in/rhtm/citigroupglobalscreen1.htm. This advertisement is not an offer to sell or a solicitation of any offer to buy securities in the United States or elsewhere. Securities will not be offered or sold in the United States.
For further information, please contact:
Cedric Pal/ Aziz Khan
+91 7718061136/ +91 9869692946