GAIL to acquire 49% stake in Leafiniti Bioenergy (arm of TruAlt Bioenergy)
India, March 20 -- TruAlt Bioenergy today announced a strategic investment of Rs 13 crore by GAIL (India) in its subsidiary, Leafiniti Bioenergy (LBPL), marking a significant step in advancing its Compressed Biogas (CBG) portfolio and strengthening its role in India's energy transition.This investment is pursuant to the Share Subscription-cum-Shareholders' Agreement executed on 11 August 2025, under which GAIL is set to acquire 49% equity stake in Leafiniti. Under the terms of the agreement, GAIL will invest an aggregate amount of Rs 13,54,32,150 (Rs 13 crore) towards subscription of equity shares in Leafiniti, with the capital to be deployed towards new CBG projects.Post completion of the transaction, TruAlt will retain a stake of 51%, whi...
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