South Asia Growth Fund has sold 25 million shares in Premier Energies Ltd. via a block deal, amounting to 5.5% of the company’s total equity. The transaction, valued at ₹2,629 crore, was executed at a floor price of ₹1,051.50 per share, representing a 1% discount from the previous closing price.
Key Highlights:
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Major Stake Sale: South Asia Growth Fund, previously holding 11.1% in Premier Energies, has now reduced its stake significantly, triggering market speculation.
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LockIn Period: The fund is restricted from further share sales for 150 days, ensuring stability in stock movement posttransaction.
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Premier Energies’ Performance: The company reported a 43.9% YoY revenue jump in Q4FY25 to ₹1,620.8 crore, with net profit surging 167% to ₹277.8 crore.
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Stock Reaction: Premier Energies’ shares closed 1% higher at ₹1,064.70, reflecting investor confidence despite the large stake sale.
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Growth Outlook: The company’s order book stands at ₹8,445.6 crore, with strong capacity utilization in solar modules and cells, reinforcing longterm expansion plans.
With this highvalue block deal, Premier Energies remains a key player in India’s solar energy sector, while South Asia Growth Fund’s stake reduction sparks investor curiosity.
Sources: CNBC TV18, Moneycontrol, MSN