Premier Energies is reportedly exploring opportunities in battery manufacturing. The company appears to be considering expansion into the battery sector, potentially diversifying its energy-related portfolio. However, the news article provides limited details about the specific nature of these opportunities or the company's concrete plans.
A block deal of 2.5 crore shares (5.54%) of Premier Energies Ltd. occurred on June 10, valued at ₹2,629 crore. Prominent buyers include Goldman Sachs, Morgan Stanley, Citigroup, Axis MF, SBI MF, and Societe Generale. South Asia Growth Fund was the seller. The stock closed 1.9% higher at ₹1,082.8.
GEF Capital Partners affiliate sold 5.6% stake in Premier Energies for Rs 2,630 crore. Quant Mutual Fund, Premji Invest, SBI Life, and other domestic and foreign investors acquired shares. The stock traded at an average price of Rs 1,051.6 per share.