Premier Energies Limited
SBI Life Insurance acquired a new position in Premier Energies Limited, purchasing 5,421,669 shares, which represents a 1.19% stake. The stake is worth ₹589.65 crore at a share price of ₹1086.20.
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.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.