"IEX Shares Plummet 5% as Dalmia Group Plans to Trim Stake: Stock Down 41% in a Year"
The news of the Dalmia Group's stake sale has further weakened investor confidence in IEX. The company is facing multiple challenges, including regulatory changes and increasing competition, which have impacted its growth prospects. While the long-term outlook for the Indian power sector remains positive, it remains to be seen how IEX will navigate these challenges and regain investor confidence. IEX (Indian Energy Exchange) shares have fallen 5 per cent as Dalmia Group announced its plan to trim its stake in the company. This news has further added to the woes of the already battered stock, which has seen a decline of 41 per cent in the last year. The company has been struggling to maintain investor confidence amidst changing regulatory policies and increasing competition. The Dalmia Group currently holds a 10.03 per cent stake in IEX, which it plans to sell in order to reduce its debt burden. The sale is expected to take place through a block deal on the stock exchang...