IEX to sell 5% stake in Indian Gas Exchange to GAIL (India)

Indian Energy Exchange have executed a share purchase and shareholders agreement by and between IEX, IGX (subsidiary Company of IEX namely, Indian Gas Exchange (IGX)) and GAIL (India) (A Government of India Undertaking- A Maharatna Company) (GAIL), for sale of 5% stake in IGX to GAIL consisting of 36,93,750 equity shares, having a face value of Rs 10 each for cash consideration of Rs 3.69 crore.

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