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Updated 09:09 IST, July 9th 2024

BlackRock acquires 45.56 lakh shares of Swan Energy for Rs 304 crore

According to block deal data, BlackRock acquired 45.56 lakh shares, which represents a 1.45% stake in the Mumbai-based company.

Reported by: Business Desk
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BlackRock Swan Energy shares | Image: BlackRock

BlackRock Swan Energy shares: Global asset manager BlackRock purchased shares of Swan Energy worth Rs 304 crore through open market transactions on Monday.

According to block deal data available with the National Stock Exchange (NSE), BlackRock, through its three affiliates, acquired 45.56 lakh shares, which represents a 1.45 per cent stake in the Mumbai-based company. The shares were bought at an average price of Rs 668.27 each, bringing the total transaction value to Rs 304.50 crore.

Simultaneously, several entities, including Mauritius-based private equity fund 2i Capital PCC, EOS Multi-Strategy Fund AIFLNP VCIC, Dovetail India Fund, Epitome Trading and Investments, and Paulomi Ketan Doshi, offloaded shares of Swan Energy. The shares were sold at prices ranging from Rs 666.20 to Rs 692.60 per piece.

Following the transaction, shares of Swan Energy surged by 5 per cent to close at Rs 692.60 per share, reaching its upper circuit limit on the NSE.

Swan Energy is a diversified company operating across multiple sectors, including textiles, real estate, energy, and petrochemicals.

(With PTI inputs.)

Published 09:09 IST, July 9th 2024