IEX soars 13%, hits new high on pact with NSE & ONGC to build gas markets

IEX announced strategic divestment of 26 per cent of its equity holding in the Indian Gas Exchange (IGX) to the NSE and additional 5 per cent equity holding to ONGC

Shares of Indian Energy Exchange (IEX), on Friday, advanced 13 per cent to hit a new high of Rs 347.80 on the BSE in intra-day trade after the company entered into strategic partnership with the National Stock Exchange (NSE) of India and Oil and Natural Gas Corporation (ONGC) to build gas markets.

The stock surpassed its previous high of Rs 322.85, touched on February 11, 2021. In the past three months, it rallied 60 per cent, against 12 per cent rise in the S&P BSE Sensex.

On Wednesday, IEX announced strategic divestment of 26 per cent of its