Indian Gas Exchange Limited, Associate of Indian Energy Exchange Limited, Approves Initial Public Offering

The Board of Directors of Indian Gas Exchange Limited ('IGX Limited'), an associate company of Indian Energy Exchange Limited ('Company'), has approved the start of the process for an Initial Public Offering (IPO) of the equity shares of IGX Limited. The IPO will be undertaken by way of an offer for sale by certain existing and eligible shareholders, subject to market conditions, receipt of applicable approvals, regulatory clearances, and other considerations. The size of the issue, opportune time, and modalities of the issue will be decided in due course. The Company will update the exchanges of all material developments regarding the same, as and when required, as per applicable regulations.