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.
