IEX divests 4.93 per cent equity stake in gas exchange platform to IOCL

The Indian Energy Exchange (IEX) has sold 4.93 per cent of its stake in the India Gas Exchange (IGX) to Indian Oil Corporation Limited (IOCL). The IEX and the National Stock Exchange are promoters of the IGX, a gas exchange set up to en­courage gas trading in India. Gas Authority of India Limited, the Oil and Na­tural Gas Corporation (ONGC), Torrent Gas Limited and Adani Total Gas Limited are other strategic investors in the gas exchange.