IEX - Current Affairs Questions and Answers

1)   PE firm TVS Capital will acquire a stake in which firm, as per an announcement on 29th October 2015?

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

ANSWER: Indian Energy Exchange

Explanation:
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.