Premier Energies promoters sell ₹2,289 crore stake in bulk deal
after close1 source ↓written by the desknot a recommendation
- Premier Energies sold
- 2.39 crore shares
- each
- ₹955
- totaling
- ₹2,289 crore
- 40.83 lakh shares
- acquiring
- 25 lakh shares
Members of the promoter family in Premier Energies sold 2.39 crore shares at ₹955 each, totaling ₹2,289 crore. Key buyers included Quant Mutual Fund with 40.83 lakh shares, and Nomura India acquiring 25 lakh shares. This influx of institutional investment signals strong interest in the solar sector. ⚡
• Surenderpal Singh Saluja sold 1.56 crore shares
• Smallcap World Fund Inc purchased 24.44 lakh shares
• Other buyers included Kotak Mahindra Life and SBI Life.
Not investment advice. For informational purposes only.