IEX Market Coupling Case: Stock falls over 5% after APTEL dismisses plea against CERC

Shares of Indian Energy Exchange Ltd. (IEX) tanked over 5% on Friday, February 13, after the Appellate Tribunal for Electricity (APTEL) dismissed its plea against the market coupling direction of the Central Electricity Regulatory Commission (CERC).

APTEL has allowed CERC to proceed with the framing of regulations.

APTEL noted that if IEX has any fresh grievances with regards to the regulations, it can move a fresh plea to challenge them.

This is a breaking news story that is being updated