KBC Offline Quiz (November 26, 2021): National stock exchange (NSE) has acquired a ___ percentage equity stake in the Indian Gas Exchange (IGX).
(A) 16%
(B) 26%
(C) 36%
(D) 56%
Answer: (B) 26%
The Indian Energy Exchange (IEX) in March announced strategic divestment of 26% of its equity holding in the Indian Gas Exchange (IGX) to the National Stock Exchange (NSE) of India Ltd and additional 5% equity holding to Oil and Natural Gas Corporation (ONGC) Ltd.
IGX has a robust ecosystem of more than 6,500 market participants which include all distribution utilities in the country, major power generators as well as over 4,500 open access consumers.
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