Mahanagar Gas Limited (MGL) has signed an agreement to acquire Unison Enviro, a city gas distribution (CGD) firm from its promoters, Ashoka Buildcon and an investment fund managed by Morgan Stanley India Infrastructure.

At present, MGL has licence to sell natural gas only in Mumbai metropolitan region and Raigad district. The said acquisition will enable MGL, a subsidiary of GAIL (India) Limited to expand in five new markets.