Genus Power shares fall 10% after ₹268 crore block deal; Sources say GIC likely seller

Genus Power shares fall 10% after ₹268 crore block deal; Sources say GIC likely seller


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.

Chiswick Investment Pte Ltd sold a total of 3.33 crore shares, representing approximately a 11% stake, in Genus Power Infrastructures Ltd, raising about ₹956 crore. On the BSE, Chiswick Investment sold 2.3 crore shares, or a 7.6% stake, for ₹656 crore at an average price of ₹282.41 per share.

Separately, on the NSE, the investor sold 1.03 crore shares, equivalent to a 3.4% stake, for ₹300 crore at an average price of ₹290 per share. As of March 2026, Chiswick Investment held a 15.11% stake in Genus Power Infrastructures.

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 authorised 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.



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