Indian Energy Exchange signs agreement with Enviro Enablers India

Indian Energy Exchange signs agreement with Enviro Enablers India

by admin- Monday, October 9th, 2023 02:52:45 PM

 

The Indian Energy Exchange (IEX), India’s main electricity change, has formalized a Share Subscription Agreement and Shareholders’ Agreement with
M/s Enviro Enablers India Pvt Ltd (EEIPL), a distinguished participant in the environmental area. Under this agreement, IEX will accumulate 10% stake in the Company via Compulsory Convertible Preference Shares (CCPS) from EEIPL. This strategic circulate aligns with IEX’s unwavering commitment to sustainability and decarbonization, in harmony with India’s Net Zero commitments and to sell Circular Economy.

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