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Indian Energy Exchange IPO To Raise Up To $152.9 Million
Shareholders of the electricity exchange are selling a little over 6 million shares, or 20 per cent of the post-issue paid-up capital, in the IPO that closes for subscription on 11 October
Photo Credit :
1451309749_ERn9Hs_IPO-shutterstock3_870.jpg
Indian Energy Exchange Ltd has set a price range of Rs 1,645-1,650 per share for its initial public offering that opens on 9 October, to raise up to Rs 10.01 billion ($152.9 million), according to a public notice on Friday.
Shareholders of the electricity exchange are selling a little over 6 million shares, or 20 per cent of the post-issue paid-up capital, in the IPO that closes for subscription on 11 October.
Axis Capital, Kotak Mahindra Capital and IIFL Holdings are managing the sale.
(Reuters)