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CERC Presses IEX on Jignesh Shah & FTIL

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January 8: The CERC has raised questions of Jignesh Shah’s role in the Indian Energy Exchange (IEX) board. The CERC has directed the IEX to furnish information about the action taken in regard to the 33% that FTIL owns in it as well as the action taken against Shah, who is a board member. We discuss the implementation of this directive and when the IEX is expected to file a reply.