The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chimanlal Tribhuvandas Doshi
WAAREEENER · price
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Mr. Chimanlal Tribhuvandas Doshi, a member of the Promoter Group, filed a disclosure under SEBI Takeover Regulations regarding the acquisition of 1,99,999 shares of Waaree Sustainable Finance Private Limited (WSFPL) by way of gift on June 11, 2025. WSFPL holds 18.37% in Waaree Energies, making this an indirect acquisition of 18.37% in the Target Company under Regulation 3 read with Regulation 5. No shares of Waaree Energies were directly acquired — the transaction is an off-market inter-se transfer by gift among qualifying immediate relatives, qualifying for exemption under Regulation 10(1)(a)(i). The disclosure explicitly states there is no overall change in promoter and promoter group shareholding in Waaree Energies, and the move is for internal family succession planning and welfare.
This is a neutral, internal family restructuring with no impact on the public shareholding pattern or promoter stake in Waaree Energies. Shareholders need not worry about any open offer trigger or dilution of their interest.