Indian Energy Exchange Limited
Invesco Mutual Fund bought 97,17,600 shares of Indian Energy Exchange worth ₹119.38 Cr at ₹122.80 apiece, initiating a 1.09% stake.
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 subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.