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The Economic Times
The Economic Times
Business
Akash Podishetti

Premier Energies bulk deal: Promoters sell stake worth Rs 2,289 crore; Quant, Nomura among top buyers

Premier Energies Quant Mutual Fund India Elara Securities

Members of the promoter family in Premier Energies sold shares worth nearly Rs 2,289 crore in a large block deal, with multiple institutional investors picking up stake in the solar equipment maker. According to NSE bulk deal data, promoter group entities together sold 2.39 crore shares in the company at Rs 955 apiece.

The combined transaction value stood at around Rs 2,289 crore. Among the sellers, Surenderpal Singh Saluja sold 1.56 crore shares, while Manjeet Kaur Saluja offloaded 50.46 lakh shares. Charandeep Singh Saluja sold 13.08 lakh shares and Jasveen Kaur Saluja divested 19.37 lakh shares.

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