Multibagger renewable energy stock rise as promoters eye Rs 1,309 crore via block deal; stock up 2%

Suzlon Energy Share Price: Shares of Suzlon Energy rose as much as 2 per cent to Rs 68.10 apiece on Monday, June 9, after reports indicated that promoters of the company were offloading a large stake worth Rs 1,309 crore via a block deal. The development triggered heightened investor interest in early trade, with over 19.81 crore shares exchanged during the pre-market block window.

Block deal

Tanti family and associated trusts, who are the promoters of Suzlon Energy, are expected to offload 20 crore shares of the company through a block transaction. This represents approximately 1.43 per cent of the total equity of the wind energy solutions provider.

The deal has reportedly been executed at a floor price of Rs 64.75 per share, which implies a 2.9 per cent discount to Suzlon’s closing price on Friday, June 6. The total value of the deal stands at around Rs 1,295-1,309 crore. The identity of the buyers remains undisclosed at this point.

Lock-in period and brokerage mandate

Following the transaction, a 180-day lock-in clause has reportedly been enforced, preventing any further sale of promoter shares during this period. Domestic brokerage Motilal Oswal is said to be the sole broker handling the entire transaction.

As of the March 2025 shareholding pattern, the promoters held a 13.25 per cent stake in the company. The remainder was held by public and institutional investors. Suzlon Energy has yet to issue any formal comment or regulatory filing regarding the block deal.

Suzlon Q4 performance robust with 365% YoY jump in net profit

The block deal buzz comes just days after Suzlon Energy reported strong Q4 results for FY25. The company posted a 365 per cent year-on-year jump in net profit to Rs 1,181 crore, aided by a one-time deferred tax gain of Rs 601 crore. Even without the tax benefit, operational revenue jumped 73 per cent YoY to Rs 3,774 crore.

The firm also reported a healthy improvement in its financial position, with net cash rising to Rs 1,943 crore as of March 2025, up from Rs 836 crore in the previous quarter.

Stock up over 28% in one month, delivers multibagger returns

Suzlon Energy shares have surged more than 28 per cent in the last one month and delivered staggering long-term returns. Over a five-year period, the stock has jumped over 1,535 per cent, rewarding patient investors significantly. The latest block deal development could lead to near-term consolidation, but strong earnings and a leaner balance sheet continue to support long-term sentiment.