Adani Total Gas, Torrent Gas acquire 5 pc stake each in IGX
Adani Total Gas and Torrent Gas have become the first strategic investors in IGX (Indian Gas Exchange) by acquiring five per cent stake each, according to the Indian Energy Exchange (IEX).
The IGX is an arm of IEX and first authorised gas exchange in the country.
The IGX partnership with the two leading gas players will go a long way in developing India’s gas markets, an IEX statement said.
The IEX had on Friday announced the first strategic divestment of shares in the IGX.
Adani Total Gas Ltd and Torrent Gas Pvt Ltd, India’s two leading energy players with stakes in both upstream and downstream hydrocarbon value chain, have acquired 5 per cent equity stake each in the IGX.
