Indian Energy Exchange Ltd to acquire 10% Enviro Enablers India Pvt Ltd

Indian Energy Exchange Limited ('IEX' or 'Company') is committed to promote sustainability and decarbonization in line with India's Net Zero commitments. IEX had become India's first carbon neutral power exchange in the financial year 2023. Continuing this endeavour, IEX has today, i.e. October 06, 2023 entered into Share Subscription Agreement and Shareholders' Agreement with M/s Enviro Enablers India Private Limited ('EEIPL' or 'the Investee Company') to acquire 10% stake in the EEIPL through Compulsory Convertible Preference Shares ('CCPS'). EEIPL is engaged in the Recycling & Waste Management Services and proposes to develop and operate a Digital Material Waste Platform which would connect industry participants in the waste management process.

Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 133.75 as compared to the previous close of Rs. 133.15. The total number of shares traded during the day was 179022 in over 2482 trades.

The stock hit an intraday high of Rs. 134.30 and intraday low of 132.30. The net turnover during the day was Rs. 23882631.00.

Source : Equity Bulls

Keywords

IndianEnergyExchange INE022Q01020 IEX ElectricUtilities EnviroEnablersIndia StakeAcquisition