Suzlon block deal: Promoters sell 20 crore shares via open market. Details here | Stock Market News

Suzlon block deal: Shares of renewable energy firm Suzlon Energy witnessed a large trade on Monday, June 9, as its promoters sold 20 crore shares via the open market.

In a press release today, Suzlon Energy shared the details of the stake offloaded by the promoters or promoter group, amounting to a 1.46% holding. Ranchhodbhai Ramjibhai HUF, Ranchhodbhai Ramjibhai Family Trust, The Tanti Trust, Rambhaben Ukabhai, and Tanti Holdings Private Limited were the five promoters involved in the Suzlon Energy block deal.

Suzlon Block Deal Details

Ranchhodbhai Ramjibhai sold 5.27 crore shares (amounting to 0.38% stake), Ranchhodbhai Ramjibhai Family Trust offloaded 5.28 crore (0.39%) shares, while Rambhaben Ukabhai sold 2.75 crore (0.20%) Suzlon stocks. The Tanti Trust exited the company by selling the 1,000 shares it owned. Meanwhile, Tanti Holdings Private Limited sold 6.69 crore shares, representing a 0.49% stake.

Following the Suzlon stake sale, the total promoter holding in the multibagger stock declined to 11.75% from 13.21% earlier.