Don’t miss the latest developments in business and finance.

IEX to sell 5% stake in Indian Gas Exchange to GAIL (India)

Image
Capital Market
Last Updated : Feb 09 2021 | 4:04 PM IST
Indian Energy Exchange have executed a share purchase and shareholders agreement by and between IEX, IGX (subsidiary Company of IEX namely, Indian Gas Exchange (IGX)) and GAIL (India) (A Government of India Undertaking- A Maharatna Company) (GAIL), for sale of 5% stake in IGX to GAIL consisting of 36,93,750 equity shares, having a face value of Rs 10 each for cash consideration of Rs 3.69 crore.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Feb 09 2021 | 3:52 PM IST

Next Story