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The Economic Times
The Economic Times

Indian Gas Exchange files IPO papers with Sebi; parent IEX to divest stake

IEX IGX IPO Axis Capital BSE Indian Energy Exchange

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).

The proposed public issue is entirely an Offer For Sale (OFS) of up to 1.67 crore equity shares by promoter Indian Energy Exchange Ltd (IEX), according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday.

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