India, Dec. 3 -- Indian Energy Exchange Ltd has announced that the Board of Directors of its associate company, Indian Gas Exchange Limited (IGX), has approved initiating the process for an Initial Public Offering (IPO) of IGX's equity shares (face value ?10 each).
The proposed IPO will be conducted through an offer for sale by select existing and eligible shareholders, subject to market conditions and necessary regulatory approvals.
Details regarding the issue size, timing, and structure will be finalized in due course. The company stated that it will continue to update stock exchanges on all significant developments as required under applicable regulations.
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