Indian Energy Exchange gets nod to form wholly-owned subsidiary

Indian Energy Exchange Ltd. | Power Generation/Distribution | Power | BSE: 540750 | NSE: IEX

26 Nov 2022 Evaluate

Indian Energy Exchange (IEX) has received an approval for the formation of a wholly-owned subsidiary company in India to explore the business opportunities in Carbon Market. The Board of Directors in their meeting held on November 25, 2022, has accorded its in-principle approval for the same.

IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.

Peers

Company Name	CMP
NTPC	333.30
Tata Power	365.00
Adani Power	209.85
Power Grid Corpn.	269.10
Adani Energy Solut.	1373.75
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.