Shares of Genus Power and Infrastructure Ltd. fell as much as 11% on Tuesday, June 30, after a block deal took place in the stock in the pre-open block window.
As many as 88 lakh shares of the company, or 2.9% of its outstanding equity changed hands in Tuesday's block deal as per data available.
Shares changed hands at an average price of ₹285.8 per share, taking the total transaction value to ₹267.5 crore.
Buyers and sellers in the transaction are not officially known.
However, sources in the know have told CNBC-TV18 that GIC is the likely seller in today's block deal. At the end of the March quarter, GIC had a 15.1% stake in the company, based on the company's shareholding pattern.
A clutch of HNI investors are buyers in the transaction, according to these sources.
Who Owns Stake In Genus Power?
At the end of the March quarter, promoters of Genus Power had a 39.34% stake in the company.
Among the public shareholders, Mutual Funds had a 2.92% stake, most of which is held by Nippon Life India AMC (2.88%).
Chiswick Investment or GIC has a 15.11% stake as highlighted above, while close to 1.6 lakh small retail shareholders, or those with authorised share capital of up to ₹2 lakh, have a 16% stake in the company.
Large retail shareholders, or those with authorized share capital of over ₹2 lakh had a 14.97% stake. These include names like Ajay Upadhyaya (1.31%), Akash Bhanshali (1.19%) and Vikas Kothari (9.05%).
Genus Power is also in focus as the National Investment Infrastructure Fund (NIIF) saw its second investment or an increase in allocation by another ₹30,000 crore, which will be used for renewable energy, urban infrastructure and other such purposes.
Shares of Genus Power are trading 9.4% lower on Tuesday at ₹288.6 after the block deal. With this fall, the stock has also turned negative for 2026.