Indian Energy Exchange Limited
Mirae Asset Mutual Fund decreased its stake in Indian Energy Exchange Limited from 1.19% to 1.08%, selling 9,38,207 shares. The value of shares sold is ₹11.75 Cr at ₹125.30 apiece.
An automated platform for electricity trading in India, Indian Energy Exchange provides infrastructure and marketplace services for buying and selling power units with physical delivery to end consumers. Incorporated in 2007, the company operates as a neutral marketplace connecting power generators, distribution companies, and consumers across India's energy sector. It facilitates transparent price discovery and enables efficient energy transactions through its technology-driven trading platform.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.