Indian Energy Exchange has filed draft papers with capital markets regulator Sebi to float an initial public offering.
The IPO will see sale of 6,065,009 equity shares by existing shareholders including Tata Power Company, private equity arm of Aditya Birla Group, Madison India Capital and Renuka Ramnath-led Multiples Alternate Asset Management.
Besides, AF Holdings, Kiran Vyapar Ltd, Golden Oak (Mauritius) Ltd and IEX’s former chief executive Jayant Deo, would offload shares in the public issue, according to the draft red herring prospectus (DRHP). Read More…
Credit By : India