{"id":348482,"date":"2020-04-28T09:29:06","date_gmt":"2020-04-28T03:59:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348482"},"modified":"2020-04-28T09:29:06","modified_gmt":"2020-04-28T03:59:06","slug":"iex-plans-to-acquire-15-stake-in-reliance-adag-platform-icex","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iex-plans-to-acquire-15-stake-in-reliance-adag-platform-icex\/","title":{"rendered":"IEX plans to acquire 15% stake in Reliance ADAG platform ICEX"},"content":{"rendered":"<p>The Indian Energy Exchange (IEX), the power trading platform, is planning to acquire a 15 per cent stake in the Reliance ADAG-anchored Indian Commodity Exchange (ICEX) for Rs 150 crore, according to people in the know. <\/p>\n<p>The sources said talks between the two are in an advanced stage but the closing of the deal could take some time because of regulatory hurdles. The IEX is not yet recognised as a stock exchange and, hence under the current law, it can only pick a 5 per cent stake in the ICEX. <\/p>\n<p>\u201cA team comprising representatives of both exchanges (the IEX and the ICEX) met Securities and Exchange Board of India (Sebi) officials to apprise the regulator about the difficulties being faced by them. Sebi has assured them that it will consider the matter,\u201d a source said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian Energy Exchange (IEX), the power trading platform, is planning to acquire a 15 per cent stake in the Reliance ADAG-anchored Indian Commodity Exchange (ICEX) for Rs 150 crore, according to people in the know. The sources said talks between the two are in an advanced stage but the closing of the deal could take some time because of regulatory hurdles. The IEX is not yet recognised as a stock exchange and, hence under the current law, it can only pick a 5 per cent stake in the ICEX. \u201cA team comprising representatives of both exchanges (the IEX and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-348482","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348482"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348482\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}