Indian Energy Exchange Limited (BSE:35537624) (IEX) is planning to acquire 15% stake in Indian Commodity Exchange Limited (ICEX) the Reliance ADAG - anchored commodity derivatives trading platform. The energy exchanges is estimating the consideration of INR 150 crore for the deal. However, it is not defined as stock exchange and hence current law will permit it to start with only 5% stake buy in another stock exchange (ICEX). Sources close to the development said that talks between them are in advanced stage but closing of the deal would take some time due to regulatory hurdles. “A team of both exchanges (i.e. IEX and ICEX) met with officials in the Securities and Exchange Board of India (Sebi) to apprise with the regulator about the difficulties being faced by them. Sebi has assured them to consider the issue,” sources said. “We won’t comment on market speculation,” said an ICEX spokesperson. An IEX spokesperson, however, said, “We are a listed entity. Currently, we are on silent period and hence, won’t talk. Any business dealing will, therefore, be informed to the stock exchanges first.".