Suzlon Energy Block Deal: Over 19 crore shares worth Rs 1,300 crore changes hands in block deal window, promoter sells
Shares of Suzlon Energy will be in focus today after a large block deal was executed on the NSE during the morning block window.
As per exchange data, over 19.81 crore shares of Suzlon Energy changed hands, amounting to a total deal value of Rs 1,308.87 crore. The deal was executed at a price of Rs 66.05 per share, marginally below the previous close.
Market sources indicate that promoters are the likely sellers in this transaction.
The stock will remain in focus during the session following this significant block deal.
Disclaimer: This article is for informational purposes only and is based on publicly available data and brokerage reports. It does not constitute investment advice. Please consult with a certified financial advisor before making any investment decisions. Neither the publication nor the author will be responsible for any losses incurred.
News desk at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
2 hours ago
- Business Upturn
Zaggle buys two companies in a single day, pumps Rs. 150 crore
The company is set to acquire a 100% stake in Dice and GreenEdge The company has made four acquisitions in the last four months, infusing about Rs. 215 crore MUMBAI, India , June 9, 2025 /PRNewswire/ — Zaggle Prepaid Ocean Services Limited, India's leading spend management company, is set to acquire a 100% stake in Dice and GreenEdge Enterprises for ₹150 crore. These consecutive acquisitions will enhance Zaggle's presence in the Indian market, significantly broaden its portfolio of advanced spend management solutions and further strengthen its offerings in the loyalty, rewards and travel segments. With this acquisition, Zaggle has completed four strategic takeovers in the past four months, totalling nearly ₹215 crore. These moves align with the company's ambition to become a $1 billion revenue enterprise within the next five to seven years. Zaggle is strategically deploying the ₹595 crore raised through its Qualified Institutional Placement (QIP) to acquire companies that are product-accretive, geography-accretive, or EBITDA-accretive, while ensuring sustained positive returns on equity and investments. Incorporated in 2018, Dice is a Pune -based AI-driven enterprise spend management platform, specializing in Spending as a Service. Its suite of solutions encompasses travel and expense management, accounts payable management and procurement management solutions. Its unified platform offers seamless self-booking, approvals and reconciliations with built-in policy controls, streamlining the entire spend cycle for businesses. The company has demonstrated consistent growth over the last two years, clocking a turnover of over Rs. 6 crores in FY24. The acquisition of Dice will significantly enhance Zaggle's existing product portfolio, transforming it into a more comprehensive and integrated suite of spend management solutions. Through this acquisition, Zaggle will gain access to Dice's established customer base, which includes prominent enterprises such as Tata AIA, Bajaj Electricals and DTDC, further reinforcing its market presence. The combined capabilities will not only deepen Zaggle's reach within the Indian market but also create new opportunities to deliver its advanced solutions on a global scale. GreenEdge Enterprises, on the other hand, is a specialized solution provider for golf travel, unique experiences and access-based rewards. With its stronghold in India , the company achieved a turnover of Rs. 19.82 c rores in FY24. This acquisition will enhance Zaggle's product offerings in the loyalty and rewards and travel segment, providing a substantial boost to its Propel offering. Zaggle had recently announced the acquisition of a 51% Controlling Stake in EffiaSoft and a 38.34% stake in Mobileware Technologies. The company had recently reported a consolidated profit after tax (PAT) of Rs. 87.4 crore for FY25, up from Rs. 44 crore in FY24. About Zaggle Founded in 2011, Zaggle (BSE: 543985) (NSE: ZAGGLE) is a leading player in spend management, offering a differentiated value proposition with a diversified user base. Operating within the business-to-business-to-customer (B2B2C) segment, Zaggle stands out as one of the few companies with a comprehensive range of financial technology products and services. Zaggle is one of India's top issuers of prepaid cards, collaborating with banking partners to drive its card offerings. The company also boasts a diverse portfolio of SaaS products and an extensive network of touchpoints. As of March 31, 2025 , Zaggle has issued over 50 million prepaid cards, serves more than 3,400 corporate enterprise clients and supports a user base exceeding 3.2 million. With a robust corporate client base spanning various industries, including banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobiles, Zaggle is well-positioned as a leading player in the spend management sector. For more information, please visit the company website or follow us on LinkedIn View original content: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same.
Business Upturn
4 hours ago
- Business Upturn
JSW Steel's crude steel production rises 8% YoY to 22.73 lakh tonnes in May 2025
By Aman Shukla Published on June 9, 2025, 10:45 IST JSW Steel reported its consolidated crude steel production for May 2025 at 22.73 lakh tonnes, reflecting an 8% year-on-year increase compared to 20.98 lakh tonnes in May 2024. The company's cumulative crude steel production for FY26 up to May stood at 47.56 lakh tonnes, marking a 13% rise from 42.18 lakh tonnes recorded in the corresponding period of the previous financial year. Within the overall figures, Indian operations contributed 21.94 lakh tonnes in May 2025, up from 20.13 lakh tonnes a year ago, representing a 9% growth. Cumulative production from Indian operations reached 45.93 lakh tonnes in the current fiscal, compared to 40.68 lakh tonnes last year, also indicating a 13% increase. JSW Steel's US-based Ohio facility produced 0.79 lakh tonnes during the month, slightly lower than the 0.85 lakh tonnes produced in May 2024. Year-to-date output from this unit reached 1.63 lakh tonnes, up from 1.50 lakh tonnes over the same period last year. The company reported 80% capacity utilisation for its Indian operations in May 2025, affected by a planned maintenance shutdown at the Dolvi plant's blast furnace. Operations resumed at the furnace on May 30, 2025. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
4 hours ago
- Business Upturn
SPML Infra shares jump 4% on MIDC land allotment for Battery Storage manufacturing unit
By Aman Shukla Published on June 9, 2025, 10:10 IST SPML Infra shares surged 4% in morning trade following a significant development from the Maharashtra Industrial Development Corporation (MIDC). MIDC has allotted 99,000 square meters of land in the Supa Parner Industrial Park, Ahmednagar, Maharashtra, to SPML Infra. As of 10:10 AM, the shares were trading 2.81% higter at Rs 196.39. This land allotment is designated for setting up a Battery Energy Storage System (BESS) manufacturing unit, marking an important step in the company's expansion into the energy storage sector. The allotment is subject to payment of the premium and compliance with other terms outlined by MIDC. SPML Infra has already paid the earnest money and is actively working towards completing the premium payment as required. The move aligns with growing demand for energy storage solutions, especially battery-based systems that support renewable energy integration and grid stability. This new manufacturing facility is expected to strengthen SPML Infra's position in the clean energy infrastructure market. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
