Archive · 7 Jun 2025
Suzlon Energy Promoters Plan ₹1,300 Crore Share Sale
Suzlon Energy, a renewable energy company, is planning to sell some of its shares.
The people in charge want to sell about 20 crore shares to get about ₹1,300 crore.
They might sell these shares a little cheaper than the current market price.
In the last quarter, the company sold much more than before, about 73% more.
Also, their profits went up a lot, thanks to strong sales and other financial gains.
The revenue increased by 67% over the past year.
Suzlon Energy promoters plan to sell 20 crore shares via block deals.
The goal is to raise approximately ₹1,300 crore.
Shares may be offered at a discount of up to 2% to market price.
Net sales for the March quarter increased by 73.2% year-over-year.
Net profit increased to ₹1,182 crore, aided by a deferred tax asset gain.
- Who
- Promoters of Suzlon Energy
- What
- Promoters to sell 20 crore shares through block deals
- When
- The transaction is expected to be executed soon.
- Where
- Not explicitly mentioned.
- Why
- To raise around ₹1,300 crore
- Deal Value
- ₹1,300 crore
- Shares to be Sold
- 20 crore
- Discount on Shares
- Up to 2%
- Share Price (June 6)
- ₹66.74
- Sales Increase (QoQ)
- 73.2%
- Annual Revenue Increase
- 67%
- EBITDA Margin
- 17.94%