Indian Energy Exchange plans gas venture stake sale, CEO says
Indian Energy Exchange, IEX share sale, strategic investors, minority stake, Rajiv Srivastava, IEX CEO,GAIL India
Indian Energy Exchange Ltd. is in talks with strategic investors to sell a minority stake in its fledgling gas unit.
The largest electricity trading platform in India may sell as much as 49% in the venture in a series of deals, Rajiv Srivastava, chief executive officer of IEX said in an interview. The first accord may be signed in three months, he said. State-run gas supplier GAIL India Ltd. in June said it was considering buying a stake.
