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 10,59,320 shares (2.47%) of TPI India Ltd on 23 July 2025 through open market transactions. Before the sale, he held 2,78,13,147 shares (64.74%); after the sale, his holding stands at 2,67,53,827 shares (62.27%). The disclosure was filed under SEBI's Takeover Regulations (Reg 29(2)) on 24 July 2025. Despite the sale, the promoter continues to hold a majority stake above 62%, well over the 50% threshold.
A promoter trimming stake in open market can create short-term selling pressure and may be viewed negatively by retail investors, though the promoter retains firm control above 62%. Investors should watch for further stake sales or changes in promoter holding.