Premier Energies Sees 22 Investors, Including Quant MF and Nomura, Acquire 5.3% Stake Worth Rs 2,291 Crore from Promoters

Premier Energies Promoters Offload 5.3% Stake for Rs 2,291 Crore

In a significant development, promoters of Premier Energies, a leading solar cell and solar module manufacturing company, have offloaded a 5.3 percent equity stake in the company to several domestic and global investors via block deals on May 25. The total value of the stake sold is Rs 2,291 crore.

According to block deals data published on the National Stock Exchange, Surenderpal Singh Saluja, Manjeet Kaur Saluja, Charandeep Singh Saluja, and Jasveen Kaur Saluja sold a total of 2.39 crore equity shares in Premier Energies, which is equivalent to 5.29 percent of the company's paid-up equity valued at Rs 2,290.58 crore. The selling price was Rs 955 per share.

As of March 2026, the shareholding by promoter and promoter group in the company stood at 63.94 percent. The block deals saw participation from 22 investors, with Quant Mutual Fund emerging as the biggest buyer, acquiring an additional 40.83 lakh shares in Premier Energies for Rs 390 crore.

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Other global investors that participated in the block deals include AL Mehwar Commercial Investments, American Funds Insurance Series Global Small Capitalization Fund, ABU Dhabi Investment Authority, and Public Sector Pension Investment Board. Domestic investors that participated in the block deals include Nippon India Equity Opportunities AIF, Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, BNP Paribas Funds India Equity, Canara Robeco MF, Edelweiss MF, HDFC Life Insurance Company, HDFC MF, 360 ONE MF, The Beekeeper Capital, Tata MF, Kotak Mahindra Life Insurance Company, Kotak Mahindra MF, Reliance Nippon Life Insurance Company, and SBI Life Insurance Company.

As of March 2026, Quant Mutual Fund through Quant Mid Cap Fund held a 2.51 percent stake in Premier Energies, while Kotak Mahindra Life Insurance Company held a 1.02 percent stake.

Premier Energies shares closed with moderate gains of 0.16 percent at Rs 985 on the National Stock Exchange. Meanwhile, Global Health shares rose 0.9 percent to Rs 1,249.3 on the National Stock Exchange. HDFC Mutual Fund has bought 10 lakh shares (0.37 percent stake) in Global Health, the operator of multi-specialty tertiary care hospitals chain under the Medanta brand, from Sunil Sachdeva for Rs 122.5 crore. The transaction price was Rs 1,225 per share.

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