IEX announces strategic divestment of 26 per cent of its equity holding in the Indian Gas Exchange

Indian Energy Exchange has announced a strategic divestment of 26 per cent of its equity holding in the Indian Gas Exchange (IGX) to National Stock Exchange of India Limited (NSE) through its wholly owned subsidiary NSE Investments Limited and additional 5 per cent equity holding to Oil and Natural Gas Corporation Limited.

Earlier this year, IEX announced the strategic investments of 5 per cent each by Adani Total Gas, Torrent Gas and GAIL (India) Ltd in IGX. The Indian Gas Exchange is a subsidiary of the IEX.

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