Private equity-backed Indian Energy Exchange Ltd (IEX), the country’s first exchange for trading of electricity and renewable energy certificates, on Friday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
The IPO comprises sale of 6.06 million shares through a secondary offering by existing shareholders, including private equity backers, power companies, financial institutions and a former top company official. It will see 20.83% of the total shareholding change hands, according to the DRHP. Read more
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