The Exchange has sought clarification from Indian Energy Exchange Limited with respect to recent news item captioned NSE, IGX in talks to launch India's first natural gas futures contract. The response from the Company is attached.
IEX · price
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Awaiting price reaction for this filing.
NSE sought clarification from IEX regarding an Economic Times article titled 'NSE, IGX in talks to launch India's first natural gas futures contract.' IEX clarified that IGX (India Gas Exchange) is only an associate company, not a subsidiary, and is a separate legal entity with its own independent management and Board. IEX stated it has no role in IGX's day-to-day operations and is not aware of any such development. The company confirmed there is no undisclosed information that could explain any unusual trading activity in IEX's securities.
This is a clarification filing where IEX has distanced itself from the news item, stating it has no involvement in or knowledge of the reported talks. Since the company explicitly said the material impact is 'Not Applicable' and IGX is only an associate, this is unlikely to materially affect IEX's stock price.