Suzlon Energy Block deal: 19.81 crore shares worth ₹1,309 crore change hands in pre-open window

As many as 8.86 crore shares of Suzlon Energy Ltd. changed hands in the pre-market block window on Monday, June 9, according to data available so far.

The number of shares that have changed hands amounts to 0.7% of the company's total equity.

The total value of the transaction is said to be worth ₹624 crore. Official buyers and sellers in the transaction are not clear as of now.

According to the term sheet accessed by CNBC-TV18, Suzlon Energy's promoters Tanti Family & Trust had planned to sell 20 crore shares of the company through the block deal.

Floor price of ₹64.75 is a 2.9% discount to Suzlon Energy's closing price on Friday. This takes the total transaction value to ₹1,295 crore. There will also be a lock-in of 180 days post this deal for any further transaction.

As per the March quarter shareholding pattern, promoters of Suzlon have a 13.25% stake in the company. The rest is held by public shareholders.

India's Mutual Funds have a 4.17% stake in Suzlon Energy, while over 56 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh have a 25.12% stake. Retail shareholders with an authorised share capital of over ₹2 lakh have a 13.59% stake in Suzlon.

Shares of Suzlon Energy ended little changed on Friday at ₹66.96, having risen 27% in the last one month.