The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj Chimanlal Doshi & Others
WAAREEENER · price
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On the reaction day the stock moved in line with Nifty Midcap 150 and 1.0 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Four members of the promoter group (Pankaj, Kirit, Hitesh, and Viren Doshi) gifted 1,99,999 shares of Waaree Sustainable Finance Pvt Ltd (WSFPL), which itself holds 18.37% in Waaree Energies, among themselves on June 11, 2025. The transaction triggers an indirect disclosure because WSFPL is a promoter of Waaree Energies. No shares of Waaree Energies itself were directly transferred, and the aggregate promoter group holding remains unchanged at 45.93% (13,19,63,212 shares). The transfer is part of internal family succession planning and falls under the inter-se transfer relaxation for qualifying persons (immediate relatives).
No impact for public shareholders — the move is an internal family reorganisation with no change in the overall promoter stake in Waaree Energies. The stock is unlikely to see any price reaction from this disclosure.