Kotak Mutual Fund entered Indian Energy Exchange with 1,12,88,734 shares, a 1.27% stake worth ₹138.6 Cr at ₹122.80 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.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.