C.T. Doshi Family Trust Acquires 18.34% Stake in Waaree Energies Indirectly
C.T. Doshi Family Trust indirectly acquired an 18.34% stake in Waaree Energies Limited by purchasing 1,99,999 shares of WSFPL from Mr. Chimanlal Tribhuvandas Doshi via gift. The transaction, completed on August 06, 2026, is for succession planning and has received SEBI exemption from open offer. Shareholding of the trust remains 44.14%.
The acquisition involves a substantial percentage of the company's equity (18.34%) and is a reportable event under SEBI Takeover Regulations. Although exempted from an open offer, it signifies a change in indirect beneficial ownership within the promoter group, which can have medium-term implications on control and strategic direction.
The announcement pertains to an indirect acquisition of shares due to a family trust restructuring for succession planning. While it involves a significant percentage of shares, it is an inter-se transfer within the promoter group and has received regulatory exemption, indicating no immediate positive or negative financial impact on the company.
C.T. Doshi Family Trust has reported an indirect acquisition of 5,27,67,331 equity shares, representing 18.34% of the total equity share capital of Waaree Energies Limited. This acquisition was achieved through the purchase of 1,99,999 equity shares of Waaree Sustainable Finance Private Limited (WSFPL) from Mr. Chimanlal Tribhuvandas Doshi via an off-market gift.
WSFPL, a private limited company and a promoter of Waaree Energies Limited, holds the 18.34% stake in the target company. The transfer of shares in WSFPL was executed on August 06, 2026, and the disclosure report to the stock exchanges was filed on August 07, 2026. This transaction is intended to streamline succession and facilitate intergenerational wealth transfer within the family, with no impact expected on the interests of public shareholders.
The acquisition has been exempted from open offer obligations under Regulations 3, 4, and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, vide SEBI Exemption Order WTM/KCV/CFD/05/2026-27 dated July 03, 2026. The necessary prior intimation under Regulation 10(5) was submitted on July 09, 2026.
Following the transaction, the shareholding of C.T. Doshi Family Trust in Waaree Energies Limited remains unchanged at 12,69,82,903 equity shares, constituting 44.14% of the total equity share capital. Mr. Chimanlal Tribhuvandas Doshi's shareholding also remains constant at 46,90,309 equity shares, representing 1.63%.
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Waaree Energies Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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