IEX divests 5 per cent stake in IGX to GAIL

The Indian Energy Exchange (IEX) has announced further divestment of 5 per cent equity stake in the Indian Gas Exchange (IGX) to GAIL (India) Limited, marking it the third investor to participate in the platform.

Earlier in January 2021, IEX announced the strategic investments by Adani Total Gas and Torrent Gas, in IGX. IGX launched on June 15, 2020 is the first gas exchange to receive authorisation from Petroleum and Natural Gas Regulatory Board (PNGRB) under recently notified Gas Exchange Regulations, 2020.

 

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