Texas Permanent School Fund Corp Acquires 748 Shares of Dorian LPG Ltd. (NYSE:LPG)

The Texas Permanent School Fund Corporation (TPSFC) has recently acquired 748 shares of Dorian LPG Ltd. (NYSE: LPGL) for an undisclosed amount. Dorian LPG is a global provider of liquefied petroleum gas (LPG) solutions, including storage, transportation, and distribution services. The acquisition was made in accordance with the TPSFC's investment guidelines and is expected to generate returns for the fund and its beneficiaries.

The TPSFC is a state-owned investment fund that manages assets on behalf of Texas public schools. It has a long history of investing in companies across various industries, including energy, technology, and healthcare. The acquisition of Dorian LPG represents the TPSFC's continued commitment to diversifying its portfolio and generating strong returns for its beneficiaries.

Dorian LPG operates in several countries, including the United States, Canada, Mexico, and Europe. It provides a range of services related to the storage, transportation, and distribution of LPG, which is used as a fuel source in various industries, including heating, cooking, and industrial processes. The company has a strong track record of growth and profitability, with revenue increasing by 27% in 2019 compared to the previous year.

The acquisition of Dorian LPG by the TPSFC is expected to provide several benefits for both parties. For the TPSFC, it represents an opportunity to diversify its portfolio and generate strong returns for its beneficiaries. For Dorian LPG, it provides access to a large and respected investor base, which can help support the company's growth and expansion plans.

Overall, the acquisition of Dorian LPG by the TPSFC represents an exciting opportunity for both companies and highlights the importance of diversification in investment portfolios.