In a significant market development, the promoters of Suzlon Energy, the Tanti Family and associated Trust, are set to offload 20 crore shares through a block deal, as reported by CNBC-TV18. The floor price has been fixed at ₹64.75 per share, which reflects a 2.9% discount to the current market price.

The total deal size is estimated at approximately ₹1,295 crore. As part of the transaction terms, a lock-in period of 180 days has been imposed post-deal, restricting any further sale of shares by the promoters during this time.

As per the same report, Motilal Oswal has been appointed as the sole broker for this block deal, indicating a high-profile and structured execution approach.