IEX: Mutual funds slash stake while FPIs and retail investors raise exposure in June quarter

Mutual funds trimmed IEX stake to 27.83% in June quarter; FPIs raised theirs to 18.53%, retail holdings also rose.

SBI MF held highest among funds at 9.57%; Parag Parikh, ICICI Prudential, and Mirae also invested.

IEX shares crashed 26% to Rs 139.05 after CERC approved market coupling, impacting its dominant position.

The new MCO-led system for power trading may alter IEX's pricing power and market share from January 2026.