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Indian Energy Exchange informs about disclosure

18 Jan 2022 Evaluate
Indian Energy Exchange has informed that Indian Energy Exchange (IEX or the Company) have executed a Share Purchase Agreement (Agreement) by and between IEX, Indian Oil Corporation (A Government of India Undertaking) (IOCL) and Indian Gas Exchange (IGX), subsidiary of the IEX, for sale of 4.93% stake in IGX to IOCL consisting of 36,93,750 equity shares, having a face value of Rs 10 each. The details required under Regulation 30 of the LODR are enclosed herewith as Annexure-1. Further, pursuant to the above said stake sale transaction of shares by the Company, the shareholding of IEX in the said subsidiary company has reduced and the said transaction has resulted in cessation of Holding-Subsidiary Relationship between Indian Energy Exchange & Indian Gas Exchange.

The above information is a part of company’s filings submitted to BSE.

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