New Delhi: The
Indian Energy Exchange (IEX) on Tuesday said state-owned GAIL (India) Ltd has acquired five per cent stake of the IEX in its arm Indian Gas Exchange (IGX).
However, the company did not divulge the details about the value of the transaction. Last month, Adani Total Gas and Torrent Gas had acquired five per cent stake each in the IGX. GAIL is the third strategic investor in IGX. IEX, India s premiere electricity exchange has further divested 5 per cent equity stake in the IGX to GAIL (India) Ltd, India s leading natural gas company, the IEX said in a statement.