C.T. Doshi Family Trust, a promoter group member of Waaree Energies Limited, has acquired an indirect stake of 18.34% in the target company. This acquisition was achieved by obtaining 1,99,999 equity shares, representing 99.9995% of Waaree Sustainable Finance Private Limited, on August 06, 2026. The transaction was executed as an inter-se transfer of shares by way of gift and has received an exemption from open offer obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Shareholder Transaction
C.T. Doshi Family Trust, acting as a promoter and member of the promoter group of Waaree Energies Limited, has completed a significant indirect acquisition of shares. The trust acquired 1,99,999 equity shares of Waaree Sustainable Finance Private Limited (WSFPL) on August 06, 2026, via an inter-se transfer by way of gift. This transaction represents 99.9995% of WSFPL’s paid-up equity share capital.
Indirect Stake in Waaree Energies
WSFPL holds a substantial 18.34% stake in Waaree Energies Limited, comprising 5,27,67,331 equity shares. Consequently, the acquisition of WSFPL shares by C.T. Doshi Family Trust translates to an indirect acquisition of 5,27,67,331 equity shares, or 18.34% of Waaree Energies, by the trust. The transfer is intended to streamline succession and promote the welfare of the family, with no change in the overall promoter group shareholding or control.
Regulatory Compliance and Exemption
This acquisition has been granted an exemption from open offer obligations under Regulations 3, 4, and 5 of the Takeover Regulations, vide SEBI Exemption Order WTM/KCV/CFD/05/2026-27 dated July 03, 2026. The trust has complied with the requisite disclosure requirements, including prior intimations filed on July 09, 2026, and a report filed on August 07, 2026.
Source: BSE
