Al Mehwar Commercial Investments bought 1,09,946 shares of Premier Energies for ₹10.50 crore at ₹955.00 apiece in a block deal. This was part of a larger transaction where promoters sold a 5.3% stake in the company.
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.
Al Mehwar Commercial Investments is an Abu Dhabi-based investment entity, linked to the Abu Dhabi Investment Council, that holds stakes in Indian listed companies.
