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The Times of India
The Times of India
Business
PTI

IEX divests 4.93% equity stake in gas arm to Indian Oil

India Indian Oil IEX IGX Indian Oil Corporation New Delhi

NEW DELHI: India Energy Exchange (IEX) on Wednesday announced divesting 4.93 per cent equity stake in its gas exchange, IGX, to India's largest oil company Indian Oil Corporation.

IEX chairman and managing director SN Goel said that the move augurs well in the joint endeavour to build the gas market in India and is aligned with the government's vision of accelerating the share of gas in the energy mix to 15 per cent by 2030.

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