Home / Business and Economy / Premier Energies Promoters Sell Rs 2,289 Cr Stake
Premier Energies Promoters Sell Rs 2,289 Cr Stake
26 May
Summary
- Promoter family members sold shares worth Rs 2,289 crore.
- Institutional investors like Smallcap World Fund bought shares.
- Premier Energies reported a 38% revenue rise for Q4 FY26.
Shares of Premier Energies experienced significant movement on May 26, 2026, following a large block deal where promoter family members sold approximately Rs 2,289 crore worth of stock. Entities like Surenderpal Singh Saluja and Manjeet Kaur Saluja were among the sellers.
Several institutional investors, including Smallcap World Fund Inc, Quant Mutual Fund, and Nomura India Investment Fund Mother Fund, participated as buyers. This inflow of institutional investment highlights the continued strong interest in renewable energy and domestic solar manufacturing companies, fueled by India's clean energy initiatives.
Premier Energies reported strong financial growth, with Q4 FY26 revenue increasing by 38% year-on-year to Rs 2,230 crore and profit after tax rising by 64% to Rs 450 crore. The company has expanded its module manufacturing capacity to 11.1 GW and cell capacity to 3.6 GW, with further expansion planned.
The company is also diversifying into transformer manufacturing, aiming to nearly sevenfold its capacity to 16.75 GVA by July 2026. Premier Energies' share price has shown positive momentum, with a 16.5% increase in 2026.
