Waaree: promoter family trust gets 44.14% via gift, SEBI exempts open offer

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF

WAAREEENER · price

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Price reaction · full curve 14 horizons · vs prior close

-3.9%1-day move

₹2837.00

prior close

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AI summary

C.T. Doshi Family Trust, part of Waaree Energies promoter group, received 12.69 crore shares (44.14% stake) as an off-market gift from founder Chimanlal Tribhuvandas Doshi on July 16, 2026. SEBI exempted the trust from open offer duties under Regulation 11(5) via order dated July 3, 2026. Total promoter group holding stays unchanged at 64.22%, with no change in control.

Likely market impact

Internal succession planning within promoter family. No change in total promoter stake or control. Neutral for public shareholders.