Suzlon Energy shares bought by funds like Goldman Sachs, Motilal Oswal during block deal

Shares of Suzlon Energy Ltd., the wind energy solutions provider were purchased by domestic and global funds alike from the block deal that took place in the stock on Monday, June 9.

Promoters of Suzlon Energy sold 19.8 crore shares of the company, in a deal valued at over ₹1,300 crore, where shares changed hands at an average price of ₹66.05 apiece.

While Tanti Holdings sold 6.69 crore shares, Rachhodbhai Tanti sold 5.08 crore shares and Vinod Tanti sold 5.28 crore shares. Rambhaben Tanti also sold 2.75 crore shares, according to official data available on the exchanges.

Here is look at the funds who purchased shares in the block deal:

India's Mutual Funds had a 4.17% stake in Suzlon Energy at the end of the March quarter, although no single fund had an exposure greater than 1%, as their names do not feature in the current shareholding pattern.

Among Foreign Portfolio Investors (FPIs), barring the two Vanguard funds, none of the above-mentioned names have a stake or a holding in excess of 1%. However, FPIs have a total of 23.03% stake in the company.

Suzlon Energy has a total of over 56 lakh small retail shareholders, or those with an authorised share capital of up to ₹2 lakh, who hold a 25%s stake in the company.

Before Monday's 1.4% stake sale, promoters of Suzlon Energy had just over 13% stake as of March 31.