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The Indian Energy Exchange (IEX) has divested 26 per cent of its equity holding in the Indian Gas Exchange (IGX) to National Stock Exchange of India (NSE).
The transaction was through NSE’s wholly owned subsidiary NSE Investments. According to officials, NSE became a co-promoter and the second largest shareholder on the IGX gas-trading platform with the stake buy.
IEX, an electricity trading platform, said that it separately shed a 5 per cent equity holding to Oil and Natural Gas Corporation (ONGC).
IEX, which set up the IGX natural gas trading hub, had earlier sold 5 per cent stake each to
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