Indian Energy Exchange Limited Incorporates Wholly Owned Subsidiary, Indian Coal Exchange Limited
Indian Energy Exchange Limited (IEX) has incorporated a wholly owned subsidiary, Indian Coal Exchange Limited, effective June 01, 2026. The incorporation establishes the company's presence in the coal trading sector, solidifying its footprint within the financial services industry.Indian Coal Exchange Limited will operate as a dedicated Coal Exchange, providing an online platform for buyers and sellers to transact, trade, and enter into contracts related to coal. This move allows IEX to expand its exchange operations into the coal market.
The consideration for the paid-up share capital of Indian Coal Exchange Limited is payable in cash.
Corporate Structure and Capitalization
The subsidiary is a wholly owned entity of Indian Energy Exchange Limited, which serves as the holding company. Details regarding the authorized capital and shareholding are as follows:| Detail | Specification | Value |
|---|---|---|
| Name of Entity | Indian Coal Exchange Limited | |
| Date of Incorporation | June 01, 2026 | |
| Nature of Business | Coal Exchange (Financial Services) | Operates as a Coal Exchange online platform. |
| Authorized Share Capital | Rs. 1,00,00,00,000/- (Rupees One Hundred Crores Only) | |
| Total Equity Shares | 10,00,00,000 (Ten Crore) shares | |
| Face Value per Share | Rs. 10/- | |
| Shareholding Pattern | 100% held by Indian Energy Exchange Limited |
Operational Outlook
Regarding its operational status, the company noted that while no governmental or regulatory approvals were required at the time of incorporation, obtaining a license or registration from the designated Regulator will be necessary. This will be done once the Draft Coal Exchange Rules, 2025, proposed by the Ministry of Coal are notified and come into force, allowing the commencement of coal exchange operations.IEX Stock Price Movement
As of 2:56 PM, shares of Indian Energy Exchange Limited are slipping by 1.41% in live trading, currently hovering at ₹126.5. The stock is trading on heavy volume, seeing activity reach 3.39 million shares as the market tracks its movement.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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