C.T. Doshi Family Trust Acquires 44.14% Stake in Waaree Energies via Gift
C.T. Doshi Family Trust acquired 12,69,82,903 equity shares (44.14%) of Waaree Energies via gift from Mr. Chimanlal Tribhuvandas Doshi. The transaction aims for succession planning and intergenerational wealth transfer. SEBI exempted the acquisition from open offer obligations.
While the transaction is within the promoter group and has received SEBI exemption, a significant stake transfer (44.14%) impacts the shareholding structure of the company, thus having a medium impact.
The transaction is an inter-se transfer within the promoter group by way of gift for succession planning and does not involve any change in control or offer to public shareholders. Hence, it is considered neutral.
C.T. Doshi Family Trust, a member of the Promoter Group of Waaree Energies Limited, has acquired 12,69,82,903 equity shares, representing 44.14% of the company's total equity share capital. This acquisition was made through an inter se transfer by way of a gift from Mr. Chimanlal Tribhuvandas Doshi.
The rationale behind this transfer is to streamline succession, facilitate smooth intergenerational wealth transfer, and further promote the welfare of the family. The company stated that this transaction does not affect the interests of the 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 Trust has submitted the requisite disclosure under Regulation 10(6) of the Takeover Regulations to the stock exchanges on July 17, 2026. Prior intimation under Regulation 10(5) was submitted on July 09, 2026. The acquisition itself occurred on July 16, 2026, as an off-market gift.
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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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