PremiumMumbai: French Investment Bank Societe Generale and Copthall Mauritius Investment on Thursday bought 1.29% stake in Indian Energy Exchange worth ₹140 crore through an open market transaction.
According to a bulk deal data on the BSE, Societe Generale and Copthall Mauritius Investment increased their shareholding in the company to 0.74% and 0.55% by buying 2.2 million and 1.65 million respectively aggregating to ₹80.10 crore and ₹59.99 crore.
On the other hand, Dalmia Power Ltd sold 13.40 million or 4.47% of equity in Indian Energy Exchange for an average price of ₹363.84 apiece aggregating to ₹488 crore.
Indian Energy Exchange posted over 33% rise in its consolidated net profit at ₹60.85 crore in the March 2021 quarter, against ₹45.61 crore in the quarter ended on March 31, 2020. Total income rose 26.02% to ₹100.33 crore in the March 2021 quarter, from ₹79.59 crore for the same quarter a year ago.
From the beginning of the calendar year, Indian Energy Exchange gained 58.50% against a rise of 3.80% in the benchmark index, Sensex.
Shares of Indian Energy Exchange lost 5.46% to close at ₹360.90 on Thursday on the BSE, while the benchmark index, Sensex lost 0.68% to close at 49,564.86 points.
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