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Adani Total Gas Limited to acquire 5% stake in Indian Gas Exchange Ltd

Adani Total Gas Limited to acquire 5% stake in Indian Gas Exchange Ltd ....

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Adani Total Gas acquires 5% stake in IGX

Read more about Adani Total Gas acquires 5% stake in IGX on Business Standard. Adani Total Gas signed share purchase agreement on 21 January 2021 for acquiring 5% stake of Indian Gas Exchange (IGX) from Indian Energy Exchange (IEX) for a cash consideration of Rs 3.69 crore. ....

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Adani Total Gas acquires 5% stake in Indian Gas Exchange

Adani Total Gas has acquired 5% Stake i.e. 36,93,750 equity share of Rs 10 each of Indian Gas Exchange from Indian Energy Exchange. The cost of acquistion is Rs 3.69 crore.
Indian Gas Exchange is an authorised Gas Exchange regulated by the Petroleum and Natural Gas Regulatory Board in accordance with
the provisions of the Petroleum and Natural Gas Regulatory Board (Gas
Exchange) Regulations, 2020.
The company s turnover for FY 2020 was Rs 0.10 crore. As on 31 March 2020, the company s net worth was Rs 7.80 crore.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

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Adani Gas, Torrent Gas each buy stake in India Gas Exchange

Adani Gas, Torrent Gas each buy stake in India Gas Exchange
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Synopsis
IGX, which is India’s first gas exchange, has already traded 75000 mbtu since its launch in June 2020 and has plans to introduce two new hubs in Maharashtra and West Bengal.
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IGX will leverage on the presence of Adani Total Gas and Torrent Gas in the upstream and downstream hydrocarbon value chain.
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MUMBAI: Adani Total Gas and Torrent Gas have acquired 5% stake each in the Indian Gas Exchange (IGX), a subsidiary of Indian Energy Exchange, for a total of Rs 7.38 crore.
IGX, which is India’s first gas exchange, has already traded 75000 mbtu since its launch in June 2020 and has plans to introduce two new hubs in Maharashtra and West Bengal. ....

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