<ul><li>US-based GEF Capital Partners affiliate South Asia Growth Fund II Holdings plans to reduce its stake in Premier Energies by selling up to 5.6% stake.</li><li>The floor price for Premier Energies Block Deal has been set at Rs 1,051.5 per share, with the deal aggregating to Rs 2,630 crore on the base price.</li><li>IIFL Capital Services Ltd. is managing the block deal for Premier Energies, with the US firm currently owning 11.1% equity in the company.</li><li>South Asia Growth Fund II invests in renewable energy and related sectors, with GEF Capital Partners having investments in companies like Hero Motors Ltd. and Electra EV.</li></ul>

Premier Energies Block Deal: US-Based Investor To Reduce Stake For At Least Rs 2,630 Crore

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