Suzlon Energy in focus after Goldman Sachs, Morgan Stanley, MFs buy 1.45% stake for Rs 1,309 crore
Top investors such as Goldman Sachs, Morgan Stanley, and a clutch of mutual funds acquired a 1.45% stake in Suzlon Energy through block deals worth Rs 1,309 crore. As per NSE data, over 19.81 crore shares changed hands at an average price of Rs 66.05 apiece.
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According to NSE block deal data, over 19.81 crore equity shares of Suzlon Energy were picked up at an average price of Rs 66.05 per share. Other major buyers included Aditya Birla Sun Life MF, Edelweiss MF, Bandhan MF, Sundaram MF, Invesco MF, ICICI Prudential Life Insurance, and Bajaj Allianz Life Insurance.On the other side of the trade were promoter entities, including Tanti Holdings Pvt Ltd and Vinod Tanti (Chairperson & MD of Suzlon Energy), who offloaded an equal number of shares at the same price.Following the transaction, the promoter stake in the company dropped from 13.25% to 11.8%.Suzlon, a key player in India's wind energy segment, has remained resilient despite past financial stress. The latest stake sale is seen as part of a broader effort by the Tanti family to manage debt and enhance liquidity.Market participants noted that while the 2.9% discount to the floor price was modest, the deal size highlights strong investor interest in India's renewable energy sector. The 180-day lock-in clause tied to such block deals is expected to ensure price stability in the near term.Suzlon Energy reported a 365% year-on-year (YoY) jump in consolidated net profit for Q4FY25 at Rs 1,182 crore, up from Rs 254 crore a year ago.Revenue from operations rose 73% YoY to Rs 3,773 crore, compared to Rs 2,179 crore in Q4FY24. Sequentially, profit after tax surged 205% from Rs 387 crore in Q3FY25, while revenue grew 27% from Rs 2,969 crore in the previous quarter.Suzlon Energy shares closed at Rs 67.1 in the previous session, up 0.6% on the BSE, while the benchmark Sensex rose 0.31%. The stock is up 28% in the past month and 380% over the past two years, with a market capitalisation of Rs 91,807 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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