Torrent Gas Private Limited signed a share purchase agreement to acquire 5% stake in Indian Gas Exchange Limited from Indian Energy Exchange Limited (BSE:540750) for INR 36.9 million on January 21, 2021. Under the terms of the agreement, Torrent Gas Private Limited will acquire 3.69 million shares and will pay a cash consideration of INR 36.9 million. In a related transaction, Adani Total Gas Limited signed a share purchase agreement to acquire 5% stake in Indian Gas Exchange Limited from Indian Energy Exchange Limited (BSE:540750) for INR 36.9 million on January 21, 2021. For the financial year ending March 31, 2020, Indian Gas Exchange Limited had turnover of INR 1 million and net worth of INR 78 million. Any governmental or regulatory approvals are not applicable for the transaction. The transaction is expected to close within seven days from the date of execution of share purchase agreement.