In the first investment decision since N Chandrasekaran named as the Tata Group chief, Tata Realty and Infrastructure Ltd is taking 10 per cent stake in a Rs.5,900-crore floating LNG import terminal being set up by Nikhil Merchant-led Swan Energy in Gujarat. This will be the first investment by Tata Group in gas business. Ahead of the move, the authorised share capital of Swan LNG Pvt Ltd ôhas been increased from Rs.5 lakh to Rs.2,000 crore,' Swan Energy said in a separate filing. At par value, Tata investment will cost Rs.200 crore.
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