Ambit Global Private Client Executes 13 percent Stake Sale in Power Exchange India Ltd
Ambit Global Private Client (Ambit GPC) announces the successful private placement of over 13 percent shares of Power Exchange India Limited (PXIL).
April 21, 2025. By News Bureau
Established in 2008, PXIL is India's first institutionally promoted power exchange. It commands over 38 percent market share in the Term Ahead Market (TAM) and 31 percent in the Renewable Energy Certificate (REC) market, contributing to an overall market share (excluding RECs) of around 13 percent.
PXIL offers a broad range of contracts, including Day Ahead, Day Ahead Contingency, Any Day, Intra Day, Weekly, and Renewable Energy Certificates Based on the profitable business model, and the long-term value creating opportunity, Ambit GPC was able to build significant interest for the asset across a diverse set of investors including Norwest Venture Partners (global venture and growth equity investment firm), Poonawalla Vision Fund 1 (Investment Manager - Ambit Wealth Private Limited), select leading family offices and UHNIs.
Commenting on the announcement, Amrita Farmahan, CEO, Ambit Global Private Client highlighted, “The deal further strengthens Ambit GPC's reputation as a trusted partner in delivering bespoke investment solutions, sourcing well researched investment opportunities, and providing exclusive access to market-leading private assets for our Family Office and UHNW clients. Our core philosophy ‘Wisdom is the Ultimate Wealth’, is what drives the innovative thinking for our clientele, bringing the right investment opportunity at the right time.”
This is yet another marquee transaction by Ambit GPC’s Direct Deal vertical, making this the 46th private market placement, having deployed over INR 6,400 Crs in the last few years.
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