Overview
- The fund sold 2.5 crore shares at an average price of Rs 1,051.60 per share through open market block trades.
- Its stake fell from 11.1% to 5.55%, and lock-in restrictions bar further sales for the next 150 days.
- Quant Mutual Fund acquired 47.55 lakh shares, PI Opportunities AIF V picked up 33.28 lakh and SBI Life Insurance invested Rs 250 crore.
- Premier Energies’ stock jumped over 5% to Rs 1,119.80 on heavy trading volumes following the deal.
- The company posted a 167% year-on-year net profit surge to Rs 277.8 crore for the March quarter and is advancing its 10 GW ‘Mission 2028’ manufacturing target.