GAIL buys Indian Energy Exchange's 5% stake in Indian Gas Exchange

The Indian Energy Exchange (IEX) on Tuesday said stateowned GAIL (India) Ltd has acquired five per cent stake of the IEX in its arm Indian Gas Exchange (IGX). However, the company did not divulge the details about the value of the transaction. Last month, Adani Total Gas and Torrent Gas had acquired five per cent stake each in the IGX. GAIL is the third strategic investor in IGX.