In a significant block deal, Indian Energy Exchange (IEX) saw the exchange of 83 lakh shares, accounting for 0.9% of the company’s equity, valued at ₹181 crore. This major transaction coincides with growing concerns among investors following a report from ET Now about the government’s plan for market coupling in the power exchange sector.
At 1:19 PM, Indian Energy Exchange (IEX) shares on the NSE were trading at ₹213.61, down 10.76% (-₹25.76) from the previous close of ₹239.37. The stock opened at ₹240.50, reached a high of ₹244.40, and hit a low of ₹209.05 with a trading volume of 8,00,77,194 shares.
The report indicates that the government is moving forward with this proposal, leading to a decline of over 4% in IEX’s share price. Market coupling, aimed at establishing uniform market clearing prices across exchanges, is raising uncertainty around IEX’s future.
The Power Ministry has tasked GRID-INDIA with completing a pilot study, and a final report is expected within a month. The new mechanism could be implemented by the end of the current financial year or by the start of FY26.
