Aditya Birla Solar Life MF, Edelweiss MF, Bandhan MF, Sundaram MF, Invesco MF, ICICI Prudential Life Insurance coverage and Bajaj Allianz Life Insurance coverage, have been additionally among the many patrons, based on block deal knowledge on the NSE.
These entities bought greater than 19.81 crore fairness shares, representing a 1.45 per cent stake in Pune-based renewable power firm Suzlon Vitality at a mean worth of Rs 66.05 apiece, as per the info.
This took the mixed deal worth to Rs 1,308.87 crore.
In the meantime, Suzlon Vitality’s promoter entities Tanti Holdings Pvt Ltd, Vinod Ranchhodhbhai Tanti (Chairperson-MD of Suzlon Vitality), Tanti Ranchhodbhai Ramjibhai and Rambhaben Ukabhai Tanti offloaded an equal variety of shares on the identical worth, as per the NSE knowledge.
After the stake sale, the mixed holding of Suzlon Vitality’s promoters dipped to 11.8 per cent from 13.25 per cent. Shares of Suzlon Vitality went up 0.76 per cent to settle at Rs 67.22 apiece on the NSE. In a separate block deal on the BSE, Shankara Constructing Merchandise’ promoter and MD Sukumar Srinivas divested a 7.8 per cent stake within the firm for Rs 176 crore via open market transactions.
Following the stake sale, the promoters’ holding in Shankara Constructing Merchandise dipped to 41.41 per cent from 49.25 per cent.
As per the info, Srinivas offloaded 19 lakh shares of Shankara Constructing Merchandise at a mean worth of Rs 926.1 apiece, taking the mixed worth to Rs 175.95 crore.
In the meantime, Chartered Finance and Leasi NG, Singularity Fairness Fund I, Ace Infracity Builders, Sageone Funding Managers LLP, Riti Basis, RR Basis, S R Basis and Swati Basis bought these shares.
The scrip of Shankara Constructing Merchandise jumped 6.62 per cent to shut at Rs 997.35 apiece on the BSE. PTI
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