Adani Total Gas & Torrent Gas acquire 5% in each in IGX
Adani Total Gas and Torrent Gas have acquired a 5% stake each in the Indian Gas Exchange (IGX), an arm of the Indian Energy Exchange (IEX), the exchange said today.
Though financial details of the deal were not disclosed, according to industry officials, the companies may have spent around ₹4 crore for their respective 5% share each.
IGX launched in June 2020 is an online trading platform for physical delivery of natural gas and provides a neutral and transparent marketplace to multiple buyers and sellers to trade in spot and forward contracts at designated physical hubs. It is the wholly owned subsidiary of the (IEX)
