The Hindu·4 min read·medium
Indian Gas Exchange files IPO papers with Sebi; parent IEX to divest stake
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PTI
✦AI Summary
The Indian Gas Exchange (IGX) has filed for an IPO, which will consist entirely of an offer for sale by its parent company, the Indian Energy Exchange (IEX). The move is intended to meet regulatory requirements to reduce IEX's stake and increase the visibility of the gas trading platform.
Indian Gas Exchange Ltd (IGX), the country's first online delivery-based trading platform for natural gas, has filed preliminary papers with markets regulator Sebi to launch an Initial Public Offering (IPO).
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