’s promoters, the Tanti Family and Trust, are likely to offload 20 crore shares in a block deal on Monday, according to reports. The shares are priced at Rs 64.75 each, representing a 2.9% discount to the current market price.The deal is valued at around Rs 1,295 crore and includes a 180-day lock-in period, restricting further sales until the period ends. According to the report, Motilal Oswal will act as the sole broker for the transaction.
Suzlon Energy is one of India’s leading renewable energy companies. It focuses primarily on wind energy and has contributed significantly to India’s
green energy initiatives.
Over the years, the company has expanded internationally and has played a key role in India’s transition towards sustainable energy sources. Despite facing financial difficulties, including debt restructuring and operational challenges, it has remained a prominent player in the renewable sector.
The Tanti Family’s decision to offload a portion of their holding is seen as part of a broader strategy to manage debt and ensure liquidity.
The 180-day lock-in period, standard in such block deals, is intended to ensure market stability and prevent immediate further selling, which could negatively impact share prices.Market experts note that while the 2.9% discount on the floor price is relatively modest, the sheer size of the deal makes it significant. A transaction of Rs 1,295 crore in a single block deal signals investor confidence and underscores the continued interest in India’s renewable energy sector.The market will closely watch the impact of this deal on Suzlon’s share price and investor sentiment in the coming months. This transaction marks another chapter in Suzlon’s journey as it navigates the challenges of the renewable energy market while striving to maintain its leadership position.
