C.T. Doshi Family Trust gets indirect 18.34% Waaree stake via WSFPL, SEBI exempts open offer
WAAREEENER · price
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C.T. Doshi Family Trust, part of promoter group, acquired 99.9995% of Waaree Sustainable Finance Pvt Ltd (WSFPL) by gift from Chimanlal Tribhuvandas Doshi. WSFPL holds 18.34% in Waaree Energies, making this an indirect acquisition of 5.27 crore shares. SEBI exempted this from open offer obligation under regulation 11(5). The trust's direct Waaree holding stays at 44.14% with 12.69 crore shares. Aggregate promoter group shareholding remains unchanged at 64.22% as this is internal family succession planning.
Internal family transfer via trust. No change in aggregate promoter holding (64.22%) or control. SEBI exempted open offer. Neutral for public shareholders.