Indian Energy Exchange IPO to open on 9 October

Indian Energy Exchange IPO to open on 9 October

Indian Energy Exchange Ltd’s (IEX’s) initial public offering will be open for subscription from 9 to 11 October, according to a draft red herring prospectus (DRHP) dated 26 September.

The IPO will see a sale of 6,065,009 equity shares by existing shareholders including Tata Power Co. Ltd, Aditya Birla Group’s private equity arm , Madison India Capital and Multiples Alternate Asset Management Pvt Ltd. The shares are proposed to be listed on the BSE and National Stock Exchange.

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