IOCL acquired 4.93% stake in Indian Gas Exchange

Oil marketing company Indian Oil Corporation (IOC) informed that the company has acquired 4.93% stake in Indian Gas Exchange (IGX). It is hereby informed that the Board of Indian Oil at its meeting held on 20 December 2021 has accorded approval for the acquisition of 36,93,750 equity shares of the face value of Rs.10/- each equivalent to 4.93% of the share capital in the Indian Gas Exchange Limited (IGX.

IGX is India’s first automated national level Gas Exchange, which ensures transparent price discovery in natural gas and facilitates growth of natural gas in India’s energy basket.