Indus Gas Share Price (INDI)

Can’t find any news anywhere but why is this down so much today?

Thanks

Realise that I am significantly overusing the word significant!

This stock is massively off investors radar. The cash flow potential of Indus is significant and no where near reflected in the share price. Todays news is a significant boost to the investment case, yet one trade only - one hour into trading post an excellent rns.
GEEC is another Indian gas producer that is significantly undervalued and overlooked by investors.
Gas demand rising in india, prices rising and both companies sitting on large gas reserves and very significant resources.

Looks like Capital Group are out. Expect that Kalsi has bought these shares through his investment firm which will now own just shy of 90% of the issued share capital. Barely worth retaining the London listing. Shares are hugely good value at this level. However, will be seriously illiquid so could rapidly appreciate in price on small vols but also be virtually impossible to sell without being taken down a long way. 35p for Capital's exit is an incredibly bad exit price for Capital. This would have been negotiated for some time I expect so with the overhang now gone its a good opportunity to get involved.

Good! Saves me a call to the Gas Board then as I thought there must be a leak somewhere.