Suzlon Energy Sees ₹1,309 Crore Block Deal

Suzlon Energy Ltd. has witnessed a large block deal, where almost 20 crore shares worth ₹1,309 crore traded in the pre-market window . The large transaction, which is known to have been conducted by the Tanti Family & Trust, promoters of Suzlon Energy, as the likely sellers, came at a time when the renewable energy solutions provider has seen strong financial performance.

Suzlon's Block Deal: The Core Specifics

About 19.81 crore shares of Suzlon Energy Ltd. changed hands through a pre-market block deal. The reported value of this deal was ₹1,309 crore. This share transaction represents 1.43% of the total equity in the company, with one report giving 1.45% equity traded. Even as official buyers and sellers were not made clear in the very first instance, term sheets seen by CNBC-TV18 indicated that the Tanti Family & Trust, promoters of Suzlon Energy, had proposed to sell 20 crore shares through this block deal.

The floor price of this deal was fixed at ₹64.75 a share which was a 2.9% discount on Suzlon Energy's closing price on the previous Friday. This pricing resulted in an estimated overall transaction value of ₹1,295 crore. The 180-day lock-in period, which will bar any additional share sales by the parties involved after the deal, is a key condition of the deal.

Suzlon's Shareholding Dynamics Post-Block Deal

Before this historic block deal, the March quarter shareholding pattern had shown Suzlon Energy promoters to have a 13.25% stake in the company, while public shareholders retained the rest. The public shareholding is also cosmopolitan: India's Mutual Funds taken together own a 4.17% stake. Retail shareholders who include more than 56 lakh individuals with an authorised share capital of a maximum of ₹2 lakh, own 25.12% in totality. In addition, retail shareholders with an authorisation of a share capital value of over ₹2 lakh have another 13.59% stake in Suzlon Energy. The settlement of this block deal is likely to alter the promoter's percentage holding, thus impacting the overall equity distribution.

Market Reaction and Company Performance

The block deal occurred during a phase of good market momentum for Suzlon Energy. The shares of the company had witnessed a significant 27% increase in the past month and a remarkable 41% gain in the last year. The shares of Suzlon Energy closed trade on the Friday before the block deal little altered at ₹66.96. After the block deal, the stock showed gains in Monday's trade, quoting ₹68.05 each on the NSE, showing a 2% rise.

Financially, Suzlon Energy registered strong numbers for the quarter ended March 31, 2025. The consolidated net profit of the company jumped by 365% to ₹1,181 crore in the March quarter, a huge jump from the ₹254 crore posted in the corresponding period last year. A huge rise in profit was mainly fueled by an exceptional gain, which was supported by a deferred tax gain of ₹600 crore. For the entire fiscal year 2024-25, the consolidated net profit also recorded a significant jump to ₹2,072 crore, from ₹660 crore in the last fiscal. At the same time, the company's overall revenue from operations rose 73.2% to ₹3,773.5 crore in the March quarter of FY25 from ₹2,179.2 crore during the same period last year.

As of 10.45 am, Suzlon Energy shares were quoting ₹68.05 apiece on the NSE, up by about 2%.

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