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 15,00,000 equity shares (3.49% of total share capital) of TPI India Ltd through open market transactions on September 24 and 25, 2025. Before the sale, he held 2,51,55,515 shares representing 58.55% of the company. After the sale, his holding stands at 2,36,55,515 shares or 55.06% of the share capital. The promoter remains part of the promoter/promoter group and continues to hold a controlling majority stake in the company. No encumbrance (pledge/lien) details were involved in this transaction.
Despite the promoter trimming his stake by 3.49%, he retains a strong majority at 55.06%, so control of the company is unaffected. Such open-market promoter selling can create short-term negative sentiment and pressure on the stock price, though the gradual nature and continued majority holding suggest this is more of a portfolio rebalancing than a loss of confidence.