 "IEX")
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 per cent 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.
The zero-debt company is pinning its hopes on India’s plans to expand the use of natural gas to quell chronic
