PE firm TVS Capital to acquire 4% equity stake in IEX

Q.  PE firm TVS Capital will acquire a stake in which firm, as per an announcement on 29th October 2015?
- Published on 30 Oct 15

a. Indian Energy Exchange
b. Indian Energy Group
c. Indian Energy Limited
d. None of the above

ANSWER: Indian Energy Exchange
 
PE firm TVS Capital through the fund TVS Shriram Growth Fund, is set to purchase 4% per cent equity stake in Indian Energy Exchange (IEX) from Bessemer Venture Partners for INR 81 crore. Fund leads a consortium headed by DCB Power Ventures of Dalmia Bharat Group.IEX is co-promoted by Power Trading Corporation of India.

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