The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for PPFAS Mutual Fund
IEX · price
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Awaiting price reaction for this filing.
PPFAS Mutual Fund (along with persons acting in concert) bought 11,03,910 shares (0.12%) of Indian Energy Exchange Ltd through open-market transactions on 21 August 2025. This takes PPFAS's holding in IEX from 6.98% (6,22,12,273 shares) to 7.10% (6,33,16,183 shares). The acquirer is not part of the promoter/promoter group. The total equity share capital of IEX remains 89,16,92,735 shares of Re.1 face value. This is a routine creeping acquisition disclosure, as PPFAS continues to incrementally raise its stake in the power exchange.
This is a small, incremental purchase by a well-known mutual fund house, signalling continued institutional confidence in IEX. The change is too minor to materially move the stock, but the steady accumulation keeps PPFAS on watch as it moves closer to the 10% disclosure threshold.