Global financial institutions including Nomura Asset Management and Capital Group have acquired a 5.3% stake in renewable energy player Premier Energies from promoters for ₹2,291 crore through open market transactions. According to reports from The Economic Times, the deal involved the sale of shares worth over ₹2,291 crore by four promoters of the Hyderabad-based company. The transaction was executed on Monday on the National Stock Exchange (NSE) through block deal arrangements, with the selling price set at ₹955 per share. As per Angel One News, the deal was completed on May 25, 2026, with promoters offloading 2.39 crore shares equivalent to 5.3% of the company's equity. Among the sellers, Surenderpal Singh Saluja sold 1.56 crore shares, Manjeet Kaur Saluja offloaded 50.46 lakh shares, Charandeep Singh Saluja sold 13.08 lakh shares, and Jasveen Kaur Saluja divested 19.37 lakh shares.
The stake purchase comes amid robust financial performance from Premier Energies, which reported 38% revenue growth to ₹2,230 crore in Q4 FY26, with profit rising 64% to ₹450 crore. Following the stake purchase announcement, shares of Premier Energies rose more than 3% on Tuesday to ₹1,017.90 apiece on the NSE. As reported by The Economic Times, the investors collectively purchased a total of 2,39,85,197 shares, representing a combined 5.29% stake in the company. The shares were acquired at an average price of ₹955 apiece, taking the combined transaction value to ₹2,290.59 crore. According to Angel One News, Quant Mutual Fund emerged as the dominant buyer, securing 40.83 lakh shares for ₹390 crore, followed by Nomura India Investment Fund which purchased 25 lakh shares for ₹238.75 crore, and Smallcap World Fund acquiring 24.44 lakh shares for ₹233.49 crore. Other notable participants included Kotak Mahindra Life, SBI Life, and Kotak MF among other institutional investors.
Among the foreign investors participating in the transaction, Public Sector Pension Investment Board from Canada, Abu Dhabi Investment Authority, and Al Mehwar Commercial Investments LLC, an affiliate of Abu Dhabi Investment Council, also purchased shares. According to The Economic Times, Abu Dhabi Investment Council is a sovereign wealth fund wholly owned by global investment firm Mubadala Investment Company. Domestic institutional investors including Quant Mutual Fund, Bajaj Finserv MF, Bandhan MF, Canara Robeco MF, HDFC MF, and Kotak Mahindra MF also participated in the transaction. As per Angel One News, other domestic participants included Nippon India Equity Opportunities AIF, HDFC Mutual Fund, BNP Paribas Funds India Equity, and Tata Mutual Fund, reflecting diverse investor interest in India's solar manufacturing sector.
Following the latest transaction, the combined promoter holding in Premier Energies dropped to 58.65% from 63.94%. As reported by The Economic Times, four promoters -- Surenderpal Singh Saluja, Manjeet Kaur Saluja, Charandeep Singh Saluja and Jasveen Kaur Saluja -- offloaded the same number of shares as purchased by the investors. The promoters sold the same number of shares as acquired by the institutional investors in the block deal arrangement. According to Angel One News, as of March 2026, the promoters held 63.94% of Premier Energies' equity, and the recent stake sale has slightly altered this distribution, providing investors further access to the rapidly growing solar energy company. The company's module capacity has reached 11.1 GW, while cell capacity stands at 3.6 GW, expanding to 10.6 GW later this year. The company recently commissioned its 5.6 GW Sitarampur module facility in Telangana and expects full ramp-up over the next few months.
Last month, Premier Energies secured orders worth ₹2,577 crore in the fourth quarter of FY26 for the supply of 1,600 MW solar cells and modules. According to The Economic Times, the execution of these orders is scheduled across FY 2027 and 2028. Following the recent transactions, Premier Energies share price saw a modest rise, closing 0.16% up at ₹985 on the National Stock Exchange, with the stock trading at ₹1,009.30 as of May 26, 2026, up by 2.47% from the previous closing price. Elara Securities has maintained an "Accumulate" rating with a target price of ₹1,052, citing aggressive capacity expansion plans totalling ₹5,100 crore across solar cells, batteries and inverters. The brokerage said Premier Energies is "set to lead by FY28" among India's solar equipment manufacturers, helped by backward integration and large-scale capacity additions. Additionally, the company has been diversifying into transformers and power equipment through Transcom, where transformer capacity is expected to rise nearly sevenfold to 16.75 GVA by July 2026 with a focus on high-margin HV and EHV segments.
