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Suzlon Energy Ltd saw a block deal involving the sale of approximately 19.8 crore equity shares by its promoters. This sale represented about 1.45% of the company’s equity and was executed at an average price of ₹66.05 per share, resulting in a total transaction value of ₹1,309 crore.
The block deal included contributions from several members of the promoter group:
Tanti Holdings – 6.69 Crore shares
Rachhodbhai Tanti – 5.08 Crore shares
Vinod Tanti – 5.28 Crore shares
Rambhaben Tanti – 2.75 Crore shares
Here is a snapshot of the key investors and their estimated share acquisitions:
Institutional Investor |
Shares Acquired |
|---|---|
Goldman Sachs Asia Equity Portfolio |
5.83 Crore |
Motilal Oswal Mutual Fund |
4.54 Crore |
Aditya Birla Sun Life Mutual Fund |
3.03 Crore |
ICICI Prudential Life Insurance |
1.69 Crore |
Societe Generale |
73.97 Lakh |
Sundaram Mutual Fund |
75.7 Lakh |
Bandhan Mutual Fund |
48.45 Lakh |
Invesco Mutual Fund |
48.45 Lakh |
Goldman Sachs Singapore Pte. |
15.14 Lakh |
ASK Absolute Return Fund |
15.14 Lakh |
Bajaj Allianz Life Insurance |
30.28 Lakh |
Edelweiss Life Insurance and MF |
~74 Lakh combined |
Morgan Stanley Asia Singapore Pte. |
30.28 Lakh |
Future Generali India |
15.14 Lakh |
Following the deal, promoter shareholding is expected to decline from approximately 13.25% to nearly 11.8%, with the founding family continuing to hold a significant stake. The involvement of institutional investors coincides with Suzlon’s financial results for the March 2025quarter, which showed a net profit increase of over 350% and revenue growth exceeding 70% year-on-year.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
Economic Times — Suzlon Energy in focus after Goldman Sachs, Morgan Stanley, MFs buy 1.45% stake for ₹1,309 crore, https://economictimes.indiatimes.com/markets/stocks/news/suzlon-energy-in-focus-after-goldman-sachs-morgan-stanley-mfs-buy-1-45-stake-for-rs-1309-crore/articleshow/121741694.cms
Economic Times — Promoter family likely offloads 1.45% stake in Suzlon Energy via block deal, stock rises 2%, https://economictimes.indiatimes.com/markets/stocks/news/suzlon-energy-shares-in-focus-as-promoter-family-to-sell-2-9-stake-via-block-deal/articleshow/121716593.cms
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Posted on 05 Jun
Geetanjali Lachke
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