Wind energy player Suzlon Energy Ltd shares gained in trade on Monday, June 9, after a large trade involving shares worth almost Rs 1,300 crore took place in the block deal window.
Around 19.81 crore shares, representing 1.45 percent equity, changing hands. The total deal was valued at around Rs 1,309 crore, with shares exchanged at Rs 66 apiece. At 9.20 am, shares of the firm were quoting Rs 68.05 apiece, higher by two percent on the NSE.
According to CNBC-TV18, the promoters of Suzlon Energy, the Tanti Family and Trust, were looking to offload 20 crore shares via a block deal.
The floor price was been set at Rs 64.75 per share, which is a 2.9 percent discount to the stock’s closing price on Friday. The deal is valued at approximately Rs 1,295 crore. A lock-in period of 180 days will apply following the transaction, which restricts any further share sales.
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According to the shareholding pattern for the March quarter, Suzlon Energy’s promoters hold a 13.25 percent stake in the company, while the remaining shares are owned by public investors.
Mutual funds in India hold a 4.17 percent stake in Suzlon. Over 56 lakh retail shareholders with an authorised capital of up to Rs 2 lakh collectively own 25.12 percent, while those with investments exceeding Rs 2 lakh hold a 13.59 percent stake.
The renewable energy solutions posted higher-than-expected profit for the quarter ended March 31, 2025. Suzlon Energy reported 365 percent increase in consolidated net profit to Rs 1,181 crore in the March quarter, mainly due to an exceptional gain boosted by a deferred tax gain of Rs 600 crore.
The company reported a consolidated net profit of Rs 254 crore in the year-ago period, a NSE filing said. During 2024-25, the consolidated net profit also rose to Rs 2,072 crore from Rs 660 crore in the previous financial year.
The company's total revenue from operations rose 73.2 percent to Rs 3,773.5 crore in the March quarter of FY25, compared to Rs 2,179.2 crore in the same period, a year ago.
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