Premier Energies Limited
Bandhan Mutual Fund bought 11,61,780 shares of Premier Energies for ₹110.95 Cr at ₹955.00 apiece in a block deal. This was part of a larger transaction where promoters sold 2.4 crore shares, and multiple institutional investors acquired stakes.
A manufacturer of solar photovoltaic products, Premier Energies specializes in producing integrated solar cells and modules, including monofacial and bifacial solar panels. The company provides comprehensive solutions across the solar energy value chain, offering engineering, procurement, and construction services alongside operations and maintenance support for solar installations.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.