NSE, ONGC to acquire stakes in Indian Gas Exchange from Indian Energy Exchange

The Indian Energy Exchange (IEX) has announced a strategic divestment of 26 per cent of its equity holding at the Indian Gas Exchange (IGX) to the National Stock Exchange (NSE) through its wholly owned subsidiary NSE Investments Limited and an additional 5 per cent equity holding to the Oil and Natural Gas Corporation (ONGC). Earlier this year, the IEX announced strategic investments of 5 per cent each by Adani Total Gas, Torrent Gas and GAIL (India) Limited in the IGX.