By CNBCTV18.com Mar 12, 2021 1:47:15 PM IST (Published)
IEX announced divestment of 26 percent of its equity holding in the IGX to the NSE and additional 5 percent equity holding to ONGC.
Shares of Indian Energy Exchange (IEX) surged 13 percent to hit a new high on Friday after the company divested stake in Indian Gas Exchange (IGX) to National Stock Exchange (NSE) and Oil and Natural Gas Corporation (ONGC) to build gas markets.
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It announced divestment of 26 percent of its equity holding in the IGX to the NSE and additional 5 percent equity holding to ONGC.
The stock rose as much as 13.1 percent to its new high of Rs 349 per share on the BSE. In the past three months, the stock has rallied 60 percent as against a 12 percent rise in the Sensex.