Premier Energies Block Deal: Shares Worth ₹2,629 Crore Exchanged on June 10

On June 10, 2025, Premier Energies shares rose over 1%, reaching a day high of ₹1,115.00 at 10:50 AM, after opening at ₹1,092.00. The gain in Premier Energies shares follows the ₹2,629 crore block deal conducted in the pre-open session on June 10.

Around 2.5 crore shares—representing approximately 5.54% of the company’s total outstanding equity—were traded, based on data available at the time of reporting. The average transaction price stood at ₹1,052 per share.

South Asia Growth Fund II Divested Stake

As per CNBC-TV18, South Asia Growth Fund II was expected to divest up to 2.5 crore shares through the block deal, equating to a 5.5% stake in Premier Energies. The floor price for the offering was set at ₹1,501 per share—about a 1% discount to Monday’s closing price.

Notably, South Asia Growth Fund, believed to be the selling party in this transaction, is now subject to a 150-day lock-in period, restricting any further share sales during this time.

According to the most recent exchange filings, South Asia Growth Fund holds an 11.1% stake in Premier Energies prior to this sale.

Also Read: Aditya Birla Sun Life MF, Motilal Oswal MF, and Others Participated in Suzlon Energy Block Deal

Premier Energies and Taiwan’s SAS Announce Joint Venture

Premier Energies Limited, a leading integrated manufacturer of solar cells and modules, has entered into a joint venture with Taiwan-based Sino-American Silicon Products Inc. (SAS). Under the agreement, Premier Energies will hold a 74% stake, while SAS will hold the remaining 26%.

SAS, through its subsidiary GlobalWafers Co. Ltd.—the world’s third-largest producer of semiconductor silicon wafers—brings deep expertise in the research, development, and manufacturing of silicon wafers to the partnership.

The joint venture plans to establish a cutting-edge 2 GW per annum manufacturing facility in India. The plant will focus on slicing polysilicon ingots into high-quality silicon wafers, which are critical components in the production of photovoltaic cells and solar modules.

This strategic collaboration combines Premier Energies’ large-scale solar manufacturing capabilities with SAS’s global leadership in silicon wafer technology, aiming to strengthen India's position in the solar manufacturing value chain and reduce dependence on imported components.

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