Suzlon Energy block deal: Goldman Sachs, Morgan Stanley, and others buy 1.45% stake for ₹1,309 crore; check details

NSE data show that Goldman Sachs, Morgan Stanley, Motilal Oswal Mutual Fund (MF), Societe Generale and others bought a total of 19.81 crore equity shares, representing a 1.45% stake, of Suzlon Energy for ₹1,309 crore from promoter entities through open market deals on Monday.

Aditya Birla Sun Life MF, Edelweiss MF, Bandhan MF, Sundaram MF, Invesco MF, ICICI Prudential Life Insurance and Bajaj Allianz Life Insurance were also among the buyers, according to the block deal data on the NSE.

According to the data, these entities purchased more than 19.81 crore equity shares, representing a 1.45% stake in Pune-based renewable energy company Suzlon Energy, at an average price of ₹66.05 apiece.

This took the combined deal value to ₹1,308.87 crore.

Meanwhile, Suzlon Energy's promoter entities Tanti Holdings Pvt Ltd, Vinod Ranchhodhbhai Tanti (Chairperson-MD of Suzlon Energy), Tanti Ranchhodbhai Ramjibhai and Rambhaben Ukabhai Tanti offloaded an equal number of shares at the same price, as per the NSE data.

After the stake sale, the combined holding of Suzlon Energy's promoters has fallen to 11.8% from 13.25%.

Suzlon Energy Q4 FY25 Results

The company reported a four-fold jump in its consolidated net profit to ₹1,181 crore for the March quarter (Q4 FY25), mainly on the back of higher revenues.

It reported a consolidated net profit of ₹254 crore in the quarter ended March 2024, a BSE filing showed.

Its total income rose to ₹3,825.19 crore in the quarter from ₹2,207.43 crore logged a year ago.

During 2024-25, the consolidated net profit also rose to ₹2,072 crore from ₹660 crore registered in the previous financial year.

The total income in the fiscal year increased to ₹10,993.13 crore from ₹6,567.51 crore in the year-ago period.

Commenting on the company's performance, Girish Tanti, Vice Chairman, Suzlon Group, said, "FY25’s performance sets the stage for Suzlon’s next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus.

Suzlon Group is a leading global renewable energy solutions provider, with approximately 21.1 GW of wind energy capacity installed across 17 countries.

Headquartered at Suzlon One Earth in Pune, India, the Group includes Suzlon Energy Limited and its subsidiaries.