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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Bharat C Parekh, a promoter of TPI India Ltd, bought 14,57,677 shares (3.39% of total share capital) through open market transactions on July 29, 2025. His shareholding rose from 61.11% (2,62,53,827 shares) to 64.50% (2,77,11,504 shares) after the purchase. The total equity share capital of the company remained unchanged at 4,29,63,470 shares. No encumbrance, pledge, or other instrument was involved in the transaction. The disclosure was filed under SEBI Takeover Regulations, 2011.
This signals promoter confidence in the company's prospects. Promoters buying shares from the open market is generally viewed positively by investors as it aligns promoter interests with shareholders. The stock may see a modest positive reaction, though liquidity impact may be limited given the promoter's already large holding.