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Oil and Natural Gas Corp acquires 5% stake in Indian Gas Exchange

State-owned Oil and Natural Gas Corp (ONGC) on Wednesday said it has acquired a 5 per cent stake in Indian Gas Exchange (IGX), joining likes of Adani Total Gas, Torrent Gas and GAIL in nation s first gas exchange. The Indian Gas Exchange is a subsidiary of the IEX - India s premier nationwide, automated electricity trading platform. ONGC signed a Share Purchase and Shareholders Agreement (SPSHA) with the Indian Gas Exchange (IGX) and the Indian Energy Exchange (IEX) in the presence of Oil Secretary Tarun Kapoor and ONGC head Shashi Shanker, the company said in a statement. It, however, did not give the value of the deal.

Nifty ends above 15,150 on firm global cues

Nifty ends above 15,150 on firm global cues
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

NSE acquires 26% stake in IGX

NSE acquires 26% stake in IGX SECTIONS Last Updated: Mar 10, 2021, 04:36 PM IST Share Synopsis IGC has over 500 registered clients and 15 members and has cumulatively traded 100,000 million metric British thermal units of gas so far. Agencies Adani-Total Gas, Torrent Gas, and GAIL (India) already own a 5% stake each in the exchange. IGX, a unit of IEX, has recently received regulatory clearance and begun gas trading. Related NSE Explore Now New Delhi: National Stock Exchange (NSE) has acquired a 26% equity stake in the Indian Gas Exchange (IGX), the country’s first physical delivery-based gas exchange. ONGC has also bought a 5% stake in the exchange.

Market rises for 3rd day, Nifty ends above 15,150 mark

Market rises for 3rd day, Nifty ends above 15,150 mark
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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