Suzlon Energy Ltd., saw significant institutional buying on Monday via a block deal, as several prominent funds and financial institutions acquired shares in the renewable energy player.
Buyers acquired shares at an average price of Rs 66.05 apiece. According to bulk deal data, Goldman Sachs emerged as a major buyer, buying up to 5.82 crore shares, representing a 0.42% equity stake. Also making a substantial investment was Motilal Oswal Mutual Fund, which purchased 454.2 lakh shares, equivalent to 0.33% of Suzlon’s equity.
Aditya Birla Sun Life Mutual Fund also acquired 3.02 crore shares, or 0.22% equity. Further, ICICI Prudential Life Insurance bought 1.69 crore shares, translating to a 0.12% stake.
The block deals saw promoters, including Tanti Holdings, Tanti Ranchhodbhai Ramjib Hai, Vinod Ranchhodbhai Tanti, and Rambhaben Ukabhai Tanti, sell a collective total of approximately 19.8 crore shares.
As of March, Vinod Tanti as karta of Tulsi Ranchhodbhai HUF and Vinod Tanti J/w. Jitendra Tanti as trustees of RR Family Trust hold approximately 0.39% equity each in Suzlon Energy, according to data from the BSE.
While The Tanti Trust (its trustees Vinod Tanti, Girish R Tanti and Jitendra Tanti) held 1,000 shares, Tanti Holdings Pvt. held 5.14% stake and Rambhaben Ukabhai Tanti had 3.47% stake in the company.
Source: ndtvprofit.com
