Premier Energies block deal: South Asia Growth Fund II to sell 5.5 percent stake worth Rs 2,628 crore
Premier Energies is set to witness a large block deal soon, with private equity investor South Asia Growth Fund II planning to offload 2.5 crore shares, representing about 5.5 percent equity in the company, according to market sources.
The floor price for the block deal is set at Rs 1,051 per share, which is at a 1 percent discount to the current market price. The total deal size is estimated at Rs 2,628 crore.
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Sources further indicated that there will be a lock-in period of 150 days post the block deal. IIFL is acting as the sole broker for this transaction.
Premier Energies Block Deal
Sources to me
South Asia Growth Fund II to sell 2.5 crore shares, 5.5% eq
Floor price at Rs 1051, a 1% discount to CMP (to happen in window)
Block Deal size: Rs 2,628 cr
Lock-in of 150 days post block deal
IIFL sole broker#StockMarket @CNBCTV18Live
— Ruchit Purohit (@Journoruchit) June 9, 2025
The deal is expected to be executed via the block window on the exchange.
Disclaimer: This article is based on market information and inputs from public domain sources. It does not constitute investment advice. Readers are advised to consult with their financial advisor before taking any investment decisions.
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Premier Energies block deal: South Asia Growth Fund II to sell 5.5 percent stake worth Rs 2,628 crore
Premier Energies is set to witness a large block deal soon, with private equity investor South Asia Growth Fund II planning to offload 2.5 crore shares, representing about 5.5 percent equity in the company, according to market sources. The floor price for the block deal is set at Rs 1,051 per share, which is at a 1 percent discount to the current market price. The total deal size is estimated at Rs 2,628 crore. Advertisement Sources further indicated that there will be a lock-in period of 150 days post the block deal. IIFL is acting as the sole broker for this transaction. Premier Energies Block Deal Sources to me South Asia Growth Fund II to sell 2.5 crore shares, 5.5% eq Floor price at Rs 1051, a 1% discount to CMP (to happen in window) Block Deal size: Rs 2,628 cr Lock-in of 150 days post block deal IIFL sole broker#StockMarket @CNBCTV18Live — Ruchit Purohit (@Journoruchit) June 9, 2025 The deal is expected to be executed via the block window on the exchange. Disclaimer: This article is based on market information and inputs from public domain sources. It does not constitute investment advice. Readers are advised to consult with their financial advisor before taking any investment decisions.
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