Dalmia Cement (Bharat) has purchased shares of the Indian Energy Exchange (IEX) worth over Rs 144 crore through an open market transaction. As per the data, Dalmia Cement bought 70 lakh scrips of IEX at an average price of Rs 206.20 per share. At this price, transaction size is estimated to be Rs 144.34 crore. Earlier this month, Dalmia Cement purchased shares of the IEX worth nearly Rs 98 crore via open market transaction.
IEX is India’s first and no. 1 electricity exchange. It is a transparent, neutral, demutualized, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.
