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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Awaiting price reaction for this filing.
Bharat C. Parekh, a member of the promoter group of TPI India Ltd, sold 5,55,989 equity shares (1.29% of total share capital) through open market on August 6, 2025. Before the sale, he held 2,77,11,504 shares representing 64.50% of the company. After the sale, his holding stands at 2,71,55,515 shares or 63.21%. No encumbrance (pledge/lien) exists on the shares either before or after the transaction. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, which is mandatory when a promoter crosses certain shareholding thresholds through buying or selling.
Promoter stake has come down slightly from 64.50% to 63.21%, but the promoter remains comfortably in control with over 63% holding. Small open-market sale of just 1.29% is unlikely to materially impact stock price, though some investors may monitor for any further trimming.