The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bharat C Parekh
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Promoter Bharat C Parekh has sold 5,00,000 equity shares (1.16%) of TPI India Ltd in the open market on September 19, 2025. Before the sale, he held 2,66,55,515 shares (62.04%) of the company. After the sale, his holding stands reduced to 2,61,55,515 shares (60.88%). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations. No encumbered shares were involved in the transaction.
This is a moderate open-market sale by a promoter that slightly reduces his stake from 62.04% to 60.88%, but he remains comfortably the majority holder. Retail investors may view this as a mild negative signal, though the quantum is small relative to total holdings.