ICICI Prudential Mutual Fund sold 1,87,08,553 shares of Indian Energy Exchange for ₹224.61 crore at ₹120.06 apiece, decreasing its stake from 5.22% to 3.12%. This sale resulted in a more than 2% change in shareholding compared to its prior disclosure.
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.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.
