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PE firms pull out $60 mn from IEX in a deal with IIFL’s pre-IPO fund, others

PE firms pull out $60 mn from IEX in a deal with IIFL’s pre-IPO fund, others

11 Oct 2017

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PE firms pull out $60 mn from IEX in a deal with IIFL’s pre-IPO fund, others

Credit: Manni Das/VCCircle

Private equity investors in Indian Energy Exchange Ltd (IEX) have sold shares worth Rs 395.5 crore ($60 million) to a clutch of investors including IIFL’s PE fund that chases investments in companies headed for the public market.Multiples Alternate Asset Management Pvt. Ltd or Multiples PE, Lightspeed, Madison PE and Aditya ......