Mumbai, June 9 — In a significant market transaction, shares of Suzlon Energy Ltd saw heavy trading activity on Monday as nearly ₹1,300 crore worth of equity changed hands through a block deal. According to sources, the Tanti Family and Trust, promoters of Suzlon Energy, are believed to be the sellers behind the deal.
Around 19.81 crore shares, representing approximately 1.45% of the company’s equity, were exchanged at a price of ₹66 per share. The total value of the transaction was approximately ₹1,309 crore.
At 9:20 AM on the NSE, Suzlon shares were trading at ₹68.05 apiece — up by 2% — indicating positive investor sentiment despite the large-scale offloading.
Promoters Trim Stake
Reports by CNBC-TV18 suggest that the Tanti Family planned to sell up to 20 crore shares via the block deal. The floor price for the deal was set at ₹64.75, which represented a 2.9% discount from Suzlon’s closing price on Friday.
Additionally, the transaction includes a 180-day lock-in period, during which no further stake sales will be permitted by the sellers involved.
Market Reaction and Outlook
Despite the sizeable transaction, the market responded positively, with Suzlon’s shares witnessing modest gains. This reflects sustained investor interest in the renewable energy sector and confidence in Suzlon’s growth potential.
The company has been in focus recently for its strong order book and steady performance in the wind energy segment, with analysts seeing the promoter stake sale as part of a larger capital restructuring or liquidity strategy.
As of now, neither the company nor the Tanti family has issued an official statement regarding the transaction.