Rightly, said. My view is that, in case, (appears likely) this becomes a reality than the price discovery mechanism will happen outside the domain of these power exchanges. That being so, basis my understanding, the role of these exchanges will get decimated to that of brokers of our BSE/NSE. Secondly, the power traded volumes may see quantum uptick in the medium to long term. Now the moot question is, will the current valuations sustain (when compared to listed brokerage peers) in the changed scenarios?
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