Overview
- Promoters Tanti Family & Trust sold 20 crore shares in a block deal valued at ₹1,295 crore, with a floor price of ₹64.75 and an average execution price of ₹66.05 per share.
- Institutional investors led by Goldman Sachs (5.82 crore shares), Motilal Oswal Mutual Fund and Aditya Birla Sun Life Mutual Fund acquired significant stakes in the deal.
- Promoter holdings fell from 13.25% as the sale triggered a 180-day lock-in on remaining shares, preventing further disposals until early December.
- Suzlon stock climbed 2.4% to an intraday high of ₹68.30 on June 9, driven by heavy trading volumes linked to the block deal and lifting market capitalization above ₹93,200 crore.
- The transaction follows Q4 FY25 results showing net profit surged 365% to ₹1,181 crore and revenue rose 73% to ₹3,774 crore.