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As per the latest shareholding pattern available on exchanges, South Asia Growth Fund holds an 11.1% stake in the company.
Premier Energies’ shares are in focus today.
Premier Energy Share Price: Shares of Premier Energies Ltd, a solar cell and module manufacturing company, are in focus on Wednesday, June 11, following the block deals worth Rs 2,629 crore.
A total of 2.5 crore shares (5.54%) exchanged hands at the price of Rs 1,052 per share via the block deal.
According to CNBC-TV18, South Asia Growth Fund II sold equities of 2.5 crore or 5.5% of Premier Energies’ outstanding equity.
South Asia Growth Fund, the likely seller in this transaction, will have a 150-day lock-in period before it can sell more shares in the company.
As per the latest shareholding pattern available on exchanges, South Asia Growth Fund holds an 11.1% stake in the company.
Premier Energies has demonstrated varying performance in its share prices over different durations. Over the past week, the share price increased by 2.25, a 0.21% change, while the Sensex and BSE Industrials saw changes of 2.05% and 2.09%, respectively. In the past two weeks, the share price rose by 47.15, a 4.55% increase, compared to the Sensex’s 1.03% and BSE Industrials’ 2.89% growth.
Looking at a month-long perspective, the share price surged by 137.70, marking a 14.55% increase, whereas the Sensex recorded a 3.70% rise and BSE Industrials 16.78%. Over three months, the price climbed by 186.55, a 20.79% increase, outperforming the Sensex’s 11.17% and BSE Industrials’ 25.76%.
However, the year-to-date (YTD) performance indicates a decline of 248.50, an 18.65% drop, against the Sensex’s 4.95% growth and BSE Industrials’ 0.89% rise. Over the past six months, the share price decreased by 197.20, a 15.39% fall.
The South Asia Growth Fund II contributes to the promotion of a more efficient use of energy and water in India and Bangladesh, through investment in companies creating products or services which impact the broader clean energy and water value chains. The Fund intends to contribute to climate change mitigation through the more efficient use of energy and natural resources in the target region.
It has invested in Hero Motors Limited, Electrodrive Powertrain Solutions, SS Supplu Chain Solutions, Premier Energies Seedworks and ESDS Software Solution.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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