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BlackRock acquires stake worth Rs 304.50 crore of Swan Energy

09 Jul 2024 Evaluate

US-based BlackRock through its three affiliates has acquired 45.56 lakh shares, amounting to a 1.45 per cent stake in Swan Energy. The shares were picked up at an average price of Rs 668.27 apiece, taking the combined deal size to Rs 304.50 crore. 

Meanwhile, 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 were among the entities which offloaded shares of Swan Energy. The shares were disposed of in the price range of Rs 666.20-692.60 per piece. 

Swan Energy is engaged in the business of Real Estate, Textile and Energy.

Peers
Company Name CMP
Vardhman Textiles 530.20
Welspun Living 264.50
Arvind 499.75
Raymond Lifestyle 511.50
K.P.R. Mill 1174.05
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