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Board of Indian Energy Exchange approves incorporation of subsidiary

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Capital Market

At meeting held on 18 September 2019

The Board of Indian Energy Exchange at its meeting held on 18 September 2019 has considered and approved the incorporation of a wholly owned subsidiary company in India to undertake the business of developing a gas exchange for transacting, clearing and settling trades in various types of gas based contracts including all other forms/types of energy, with an initial investment upto Rs. 10 crore in the form of subscribed and paid-up capital.

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First Published: Sep 19 2019 | 3:49 PM IST

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