Indian Oil Corporation Limited (NSEI:IOC) agreed to acquire 4.93% stake in from Indian Energy Exchange Limited (BSE:540750) on December 21, 2021. As of December 20, 2021, board of Indian Oil Corporation Limited has approved the acquisition for acquisition of 36,93,750 equity shares of the face value of INR 10 each equivalent to 4.93% of the share capital in Indian Gas Exchange Limited (IGX). Indian Oil Corporation Limited (NSEI:IOC) completed the acquisition of 4.93% stake in from Indian Energy Exchange Limited (BSE:540750) on January 19, 2022.