The Indian Energy Exchange (IEX) announced on Friday that it has formalised a share subscription agreement and shareholders’ agreement with Enviro Enablers India Private Limited (EEIPL).
Under this agreement, IEX will acquire a 10 per cent stake in EEIPL through Compulsory Convertible Preference Shares (CCPS). This strategic move aligns with IEX’s commitment to sustainability and decarbonisation, in accordance with India’s net-zero commitments and to promote a circular economy, the company stated in a press release.
