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Suzlon Energy Promoters Sell ₹1,295 Crore Stake as Shares Jump 2.4%

The transaction secures ₹1,295 crore for promoters under a 180-day lock-in of their remaining shares.

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Suzlon Energy block deal | Image: Unsplash

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.