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FT, PTC India may exit Indian energy exchange via IPO

17 Jun 2014 Evaluate

Financial technologies (FT), PTC India Financial Service (PTC India) may exit Indian energy exchange (IEX) via Initial Public Offering (IPO). Presently, FT, PTC India own 25.6% and 5.5% stake in Indian energy exchange.

Earlier, to comply with the Central Electricity Regulatory Commission (CERC) Regulations, FT has trimmed its stake in Indian Energy Exchange, by selling a part of its interest in the company to Golden Oak Mauritius for a consideration of Rs 72.89 crore. Financial-Technologies entered into a share sale agreement with Golden Oak (Mauritius) for sale of 13.64 lakh equity shares comprising of 5% stake of lEX. With the deal, the shareholding of the Company in lEX on fully diluted basis stood at 25.6%.

The exchange launched in 2007 is promoted by PTC India, Financial Technologies, Tata Power, IDFC, Reliance Energy, Rural Electrification Corporation (REC), Adani Enterprises, Lanco Infratech.

63 Moons Tech. Share Price

663.30 13.00 (2.00%)
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