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, sold 5,00,000 shares (1.16% of equity) through the open market on September 15, 2025. His holding reduced from 2,71,55,515 shares (63.21%) to 2,66,55,515 shares (62.04%) post the sale. The transaction was disclosed under SEBI Regulation 29(2) of the Takeover Regulations, 2011. There were no changes to encumbered shares or voting rights via other instruments. The company's total equity share capital remained unchanged at 4,29,63,470 shares.
Despite the sale, the promoter continues to hold a strong majority stake of 62.04%, so control of the company is not at risk. However, a promoter selling shares on the open market can sometimes be viewed as a mild negative signal by retail investors, as it may suggest the promoter sees less upside or is rebalancing personal holdings.