Suzlon block deal: Promoters sell 20 crore shares via open market. Details here
In a press release today, Suzlon Energy shared the details of the stake offloaded by the promoters or promoter group, amounting to a 1.46% holding.
Suzlon block deal: Shares of renewable energy firm Suzlon Energy witnessed a large trade on Monday, June 9, as its promoters sold 20 crore shares via the open market.
In a press release today, Suzlon Energy shared the details of the stake offloaded by the promoters or promoter group, amounting to a 1.46% holding. Ranchhodbhai Ramjibhai HUF, Ranchhodbhai Ramjibhai Family Trust, The Tanti Trust, Rambhaben Ukabhai, and Tanti Holdings Private Limited were the five promoters involved in the Suzlon Energy block deal.
Suzlon Block Deal Details
Ranchhodbhai Ramjibhai sold 5.27 crore shares (amounting to 0.38% stake), Ranchhodbhai Ramjibhai Family Trust offloaded 5.28 crore (0.39%) shares, while Rambhaben Ukabhai sold 2.75 crore (0.20%) Suzlon stocks. The Tanti Trust exited the company by selling the 1,000 shares it owned. Meanwhile, Tanti Holdings Private Limited sold 6.69 crore shares, representing a 0.49% stake.
Following the Suzlon stake sale, the total promoter holding in the multibagger stock declined to 11.75% from 13.21% earlier.
The equity shares in the block deal were sold by the promoters at ₹66.05 per share, according to the data collected from the NSE website on Monday.
Aditya Birla Sun Life Mutual Fund, Edelweiss Mutual Fund, Goldman Sachs, ICICI Prudential Life Insurance, Motilal Oswal and Morgan Stanley were among the top investors who purchased the renewable energy shares via the block deal on 9 June 2025.
Suzlon Energy is a retail favourite stock, with 56,12,976 retail shareholders, owning a cumulative 25.12% stake as of the March quarter. LIC, Vanguard are among some of the marquee names holding a stake in Suzlon Energy.
Suzlon Energy Stock Trend
Following the block deal, Suzlon Energy share price closed on a flat-to-positive note, rising 0.6%. In the last one year, Suzlon Energy stock has risen 35%. However, over a longer time frame, it has emerged as a multibagger stock, rallying 379% in two years and 1591% in five years.
The company recently posted a strong March quarter performance, wherein it reported a net profit of ₹1,181 crore for the quarter, compared to ₹254 crore in the same period last fiscal, marking a 365% year-on-year growth. Revenue from operations during the quarter rose 73% year-on-year to ₹3,774 crore.
Following the company's robust numbers in the March quarter, global brokerage firm Morgan Stanley has maintained its ‘overweight’ rating on the stock and has a target price of ₹77 apiece, while Motilal Oswal has also retained its ‘buy’ rating on the stock with a price target of ₹83 apiece.
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