C.T. Doshi Family Trust, a promoter group entity of Waaree Energies Limited, has acquired 12,69,82,903 equity shares, representing 44.14% of the total equity share capital. This acquisition was made via a gift through an inter-se transfer of shares. The transaction, exempt from open offer obligations, aims to streamline succession and intergenerational wealth transfer within the family. The acquisition was completed on July 16, 2026.
Significant Share Acquisition by Promoter Group
C.T. Doshi Family Trust, identified as an acquirer and a member of the Promoter Group of Waaree Energies Limited, has successfully acquired a substantial stake in the company. The trust has obtained 12,69,82,903 equity shares, which constitute 44.14% of the total equity share capital of Waaree Energies Limited. This acquisition was executed through an off-market gift of shares by Mr. Chimanlal Tribhuvandas Doshi, an inter-se transfer amongst qualifying persons.
Transaction Rationale and Exemption
The primary objective behind this share transfer is to facilitate a streamlined succession process and ensure a smooth intergenerational transfer of wealth, thereby promoting the welfare of the family. The transaction is structured in a manner that it does not negatively impact the interests of the public shareholders, and there is no overall change in the shareholding of the promoters and the promoter group. Crucially, the acquisition has been granted an exemption from the mandatory open offer obligations under Regulations 3, 4, and 5 of the Takeover Regulations. This exemption was provided via a SEBI Exemption Order (WTM/KCV/CFD/05/2026-27) dated July 03, 2026, pursuant to Regulation 11(5) of the Takeover Regulations.
Regulatory Compliance
In adherence to regulatory requirements, the necessary disclosures have been made. The instant report, as required under Regulation 10(7) of the Takeover Regulations, has been submitted. Prior intimations under Regulation 10(5) and 10(6) were furnished to the National Stock Exchange (NSE) and BSE Limited (BSE) on July 09, 2026, and July 17, 2026, respectively, to the Target Company. The acquisition was completed on July 16, 2026.
Source: BSE
