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Indian Gas Exchange, the country's first online delivery-based trading platform for natural gas, is likely to launch an initial public offering (IPO) by December this year, its Managing Director and CEO Rajesh Kumar Mediratta said on Wednesday. Indian Energy Exchange (IEX) holds a 47 per cent stake in IGX, and as per regulations, it has to bring it down to 25 per cent. "The IPO was supposed to happen in 2025, but we have sought a one-year extension. It is now likely before December 2026," Mediratta said. The papers for the IPO are likely to be filed before the capital market regulator Sebi in the second quarter of 2026 calendar year. "As much as 22 per cent equity shares are likely to be offered in the share sale," he said, but refused to speculate on the valuations. Brokerages last valued IGX at Rs 2,200-3,000 crore. A slight premium over the valuation would mean that the 22 per cent stake sale could be worth Rs 600-700 crore. IGX operates an electronic trading platform for natu
Markets regulator Sebi on Wednesday extended the timeline till March 1 for the implementation of an additional incentives structure for mutual fund distributors for onboarding new individual investors from B-30 cities and new women investors from any city. Earlier, the new incentive structure, aimed at promoting wider outreach and awareness, was scheduled to be effective from February 1, 2026. According to the classification used in the mutual fund industry, B-30 refers to places beyond the top 30 cities. Based on the feedback received from the industry, citing operational difficulties in putting in place the requisite systems and processes for smooth implementation of the additional incentive structure, Sebi has decided to extend the implementation timeline. Accordingly, the new provisions will now come into effect from March 1, 2026, Sebi said in its circular. Under the new framework, asset management companies (AMCs) will pay these distributors 1 per cent of the first lump-sum
Gold and silver prices are likely to witness sharp swings next week as traders weigh key economic data and brace for heightened geopolitical uncertainty after US forces captured Venezuelan President Nicolas Maduro, analysts said. Investors will focus on key US data points, including ISM Manufacturing, December ADP employment numbers, and the unemployment rate, along with comments from a slew of Federal Reserve officials that could provide cues on the central bank's monetary policy outlook and near-term direction for bullion prices, they added. "Gold prices are likely to remain volatile in the week ahead as there are bullish as well as bearish factors at play," Prathamesh Mallya, DVP - Research, Non - Agri Commodities and Currencies, Angel One, said. According to experts, commodities markets are expected to see aggressive trading on Monday, reflecting volatile geopolitics after the US captured Venezuelan President Nicolas Maduro and his wife in a military operation on Saturday, ...