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NSE acquires 26% stake in IGX


NSE acquires 26% stake in IGX
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Last Updated: Mar 10, 2021, 04:36 PM IST
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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.
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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. ....

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