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Indian Energy Exchange Ltd - Further Investment Of Rs.47,62,50,000/- In Indian Gas Exchange Limited Wholly-Owned Subsidiary Company
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21 Oct 2020
Dear Sir / Madam,&lt;BR&gt; &lt;BR&gt; In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors in their meeting held on October 20, 2020, with the purpose of complying with the Net worth and SGF requirements as stipulated in the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020, has considered and approved the further investment of Rs. 47,62,50,000 (Rupees Forty-Seven Crore Sixty-Two Lakh Fifty thousand only) in Indian Gas Exchange Limited, wholly owned subsidiary of the Company.&lt;BR&gt; &lt;BR&gt; The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/ CMD/ 4/2015 dated September 9, 2015 are given in &quot;Annexure A&quot;.&lt;BR&gt; &lt;BR&gt; You are requested to take above information on record.&lt;BR&gt;
View all announcements for Indian Energy Exchange Ltd Source: BSE India