Indian Energy Exchange files IPO papers with SEBI

Indian Energy Exchange (IEX) Limited has filed draft papers with the Securities and Exchange Board of India to float an initial public offering (IPO). The IPO will assist the sale of 6,065,009 equity shares by the existing shareholders including Tata Power Company Limited, Aditya Birla Group’s private equity arm, Madison India Capital and Multiples Alternate Asset Management Private Limited. F Holdings, Kiran Vyapar Limited, Golden Oak (Mauritius) Limited, and IEX’s former chief executive officer Jayant Deo will also sell their shares in the public offering. Further, Axis Capital, Kotak Mahindra Capital Company and IIFL Holdings will manage the company’s public issue. The shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange