Waaree promoter group transfers 44.14% stake via gift to family trust

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WAAREEENER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.9%1-day move

₹2837.00

prior close

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base price

After-mkt

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AI summary

C.T. Doshi Family Trust, part of the promoter group, received 12.69 crore equity shares (44.14%) of Waaree Energies as a gift from Mr. Chimanlal Tribhuvandas Doshi on July 16, 2026. The transfer is for succession and intergenerational wealth planning. Mr. Doshi's holding dropped from 45.78% to 1.63%. SEBI exempted this from open offer obligations under an order dated July 03, 2026. No cash changed hands; overall promoter group holding stays the same.

Likely market impact

Neutral for shareholders. Internal promoter family restructuring via gift transfer. No open offer triggered and no change in total promoter group ownership.