IEX to launch IPO by December 2017

The IEX is planning to offer its initial public offering (IPO) by December 2017, making it the first energy exchange to be listed in the country. It has already received approval from the capital market regulator, the Securities and Exchange Board of India. The issue will see the sale of shares from existing investors. Of the existing investors, Dalmiya Cement Bharat and TVS Capital will not sell any shares and continue to be the company’s largest shareholders.