A slew of global and domestic funds have emerged as buyers in the large trade that took place in Premier Energies Ltd. on Tuesday, June 10.As many as 2.5 crore shares or 5.54% of the renewable energy company’s total outstanding equity, changed hands in multiple blocks, valued at ₹2,629 crore.
Shares had changed hands at an average price of ₹1,052 per share,
Goldman Sachs, Morgan Stanley, Citigroup, Axis MF, SBI MF, Societe Generale and a whole host of funds were buyers yesterday’s block, according to official data disclosed to the exchanges.Here is a look at the list of buyers:
FundNo. Of Shares Bought360 One Asset Management4.75 LakhAgeas Federal Life Insurance1.69 LakhAl Mehwar Commercial Investments2.83 LakhAxis Mutual Fund10.94 LakhBandhan Mutual Fund1.9 LakhBlackstone Aqua Master Fund4.07 LakhCitiGroup Global Markets12.21 LakhEdelweiss MF14.27 LakhGhisallo Master Fund6.51 LakhGoldman Sachs Singapore Pte.1.63 LakhGoldman Sachs Investments4.07 LakhHDFC Life Insurance2 LakhICICI Prudential Mutual Fund4.76 LakhKotak Mahindra Life Insurance9.48 LakhMorgan Stanley Asia Singapore Pte.18.41 LakhMotilal Oswal MF2.38 LakhNomura Singapore Ltd.2.44 LakhQuant MF47.55 LakhSociete Generle17.92 Lakh
PI Opportunities AIF (33.29 Lakh shares), Public Sector Pension Investment Board (4.12 Lakh Shares) and Theleme India Master Fund (19.02 Lakh Shares), were some of the other buyers in this transaction.South Asia Growth Fund was indeed the seller in the transaction, as reported by CNBC-TV18 earlier. At the end of the March quarter, South Asia Growth Fund had a stake in excess of 11% in Premier Energies, as per the BSE shareholding pattern.Shares of Premier Energies ended 1.9% higher on Tuesday at ₹1,082.8. The stock has risen 9.3% in the last one month.(Edited by : Hormaz Fatakia)
