GAIL selling $65 mln worth of stake in China Gas - term sheet

Reuters

REUTERS - India's state-run gas company GAIL (NSI:GAIL.NS - News) is selling about $65 million worth of stake in China Gas Holdings Ltd through block trade, according to a term sheet seen by Reuters.

GAIL is selling 60 million shares in China Gas at a price range of HK$8.2 to HK$8.3 per share, the term sheet showed.

(Reporting by Elzio Barreto in Hong Kong; Editing by Sunil Nair)

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