Shares of Indian Energy Exchange rose over 5% in a weak market today after the firm said a meeting of the board of directors is scheduled to be held on Friday, November 25, 2022, to consider a proposal for buyback of fully paid-up equity shares of the company.
Indian Energy Exchange stock gained 5.6% to Rs 146.15 against the previous close of Rs 138.40 on BSE.
Indian Energy Exchange is engaged in providing an automated trading platform for the physical delivery of electricity, renewables, and certificates.
The electricity market includes day-ahead market, term ahead market, real-time market and cross border electricity trade.
Source: BusinessToday
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