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.
Promoter Bharat C Parekh sold 10,00,000 equity shares (2.33% of total capital) of TPI India Ltd through open market transactions on September 22 and September 23, 2025 (5,00,000 shares each day). His holding reduced from 2,61,55,515 shares (60.88%) to 2,51,55,515 shares (58.55%) post-sale. The sale was disclosed under SEBI Regulation 29(2), which mandates reporting when a promoter or major shareholder's dealing crosses 2% of voting capital. The company's total equity share capital stands at 4,29,63,470 shares.
Despite the sale, the promoter remains comfortably above the majority threshold at 58.55%, so control is not at risk. However, the open-market exit may create short-term supply pressure on the stock and could be viewed negatively by retail investors as a signal of the promoter reducing exposure.