Indian Gas Exchange Limited announced that it will issue 6,250,000 common shares at a price of INR 10 per share for gross proceeds of INR 62,500,000 on October 5, 2020. The transaction will include participation from returning investor Indian Energy Exchange Limited (BSE:540750). The paid-up share capital of the company is INR 200,000,000 before capital increase. Post capital increase, the investor retain its 100% stake in the company. The transaction has been approved by the board of director's of the investor. The transaction is expected to close within 30 working days from the date of the board approval.