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May 26,2026

Premier Energies Promoters Sell 5.29% Stake for ₹2,291 Crore

Promoters of Premier Energies sold a 5.29% stake through block deals worth ₹2,290.59 crore, attracting major global and domestic institutional investors, including Nomura Asset Management, Capital Group, ADIA, Quant Mutual Fund, HDFC Mutual Fund, and SBI Life Insurance. A total of 2,39,85,197 shares were acquired at an average price of ₹955 per share, reducing promoter shareholding from 63.

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