Indian Energy Exchange News

Prime Minister Narendra Modi is on Karnataka visit today. During the visit, he inaugurated the biggest helicopter factory of HAL. Along with this, he announced E20 Petrol in 11 states. During the address, PM Modi said, 'It has brought a new opportunity for all the investors'.Watch full speech.

The IPO was subscribed just over two times.

Indian Energy Exchange plans to raise Rs 1,001 crore through its initial share sale offering. It has fixed a price band of Rs 1,645- 1,650 per share for its public issue.

SBI Mutal Fund (MF), Birla Sunlife MF, Birla Sunlife Trustee Company, ICICI Prudential MF and Nomura are among the anchor investors.

Besides, through this exercise, we are bringing in more transparency and efficiency in our operations, he said.

 Financial Technologies on Friday said it has concluded sale of its remaining 5 percent stake in Indian Energy Exchange (IEX).

Financial Technologies has entered into an agreement with Madison India Opportunities.

Financial Technologies India Ltd (FTIL) on Wednesday said it has entered into an amended share purchase agreement with five buyers to sell its 19.06 percent stake in Indian Energy Exchange(IEX) for Rs 409.95 crore.

Renewable Energy Certificates (RECs) are aimed at providing an easier avenue for various entities, including power distribution companies, to meet their green-energy obligations.

Indian Energy Exchange is in talks with its erstwhile promoter FTIL, which is in the process of exiting the bourse, for buying out the application software and other solutions used for its trading platform.

In its latest order, the Central Electricity Regulatory Commission (CERC) said that FTIL has been pursuing the divestment process in compliance with its order.

Financial Technologies on Tuesday said it plans to exit from exchanges businesses and has appointed investment bankers to sell its stake in the Indian Energy Exchange (IEX).

Financial Technologies is mulling appealing against electricity regulator CERC's order that directs the company to completely divest its stake in the Indian Energy Exchange (IEX).