Indian Energy Exchange Limited
PPFAS Mutual Fund increased its stake in Indian Energy Exchange Limited from 9.50% to 9.87%, growing its shares from 84,707,221 to 88,047,655. The stake is worth ₹1103.11 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.
Founded by Parag Parikh Financial Advisory Services, best known for the Parag Parikh Flexi Cap Fund which invests in both Indian equities and select global large-caps including Meta, Alphabet, and Microsoft. Manages over Rs 1.2 lakh crore with a concentrated, long-duration, value-focused approach. CIO Rajeev Thakkar is one of India's most respected investors with a Munger-influenced thinking style.