The C.T. Doshi Family Trust has acquired 12,69,82,903 equity shares, representing 44.14% of Waaree Energies Limited’s total equity. This acquisition, a gift via inter-se transfer from Mr. Chimanlal Tribhuvandas Doshi, aims to streamline succession and promote family welfare. The transaction is exempted from open offer obligations by SEBI, with prior intimation submitted on July 9, 2026.
Waaree Energies Equity Transfer Announced
The C.T. Doshi Family Trust, a member of the Promoter Group of Waaree Energies Limited, has announced the acquisition of a substantial stake in the target company. The trust has acquired 12,69,82,903 equity shares, which constitutes 44.14% of the total equity share capital. This significant acquisition was facilitated through an inter-se transfer by way of a gift from Mr. Chimanlal Tribhuvandas Doshi.
Rationale and Regulatory Exemption
The primary intention behind this transfer is to streamline the succession process and ensure a smooth intergenerational transfer of wealth, thereby promoting the welfare of the family. Importantly, this transaction is not expected to affect the interests of the public shareholders of Waaree Energies Limited. The acquisition has been granted an exemption from open offer obligations under Regulations 3, 4, and 5 of the Takeover Regulations. This exemption was provided vide SEBI Exemption Order WTM/KCV/CFD/05/2026-27, dated July 03, 2026, issued under Regulation 11(5) of the Takeover Regulations.
Disclosure Details
In compliance with Regulation 10(6) of the Takeover Regulations, the C.T. Doshi Family Trust has submitted the requisite disclosure in the prescribed format. The transferor in this transaction is Mr. Chimanlal Tribhuvandas Doshi. The date of acquisition was July 16, 2026. Following the transfer, the C.T. Doshi Family Trust holds 12,69,82,903 equity shares, representing 44.14% of the diluted share capital. The shares were acquired at no cost, as it was an off-market gift.
Prior Intimation and Shareholding Changes
Prior intimation regarding this acquisition was submitted under Regulation 10(5) of the Takeover Regulations on July 09, 2026. Post-transaction, the C.T. Doshi Family Trust’s shareholding stands at 12,69,82,903 shares (44.14%), while Mr. Chimanlal Tribhuvandas Doshi’s shareholding has reduced to 46,90,309 shares (1.63%).
Source: BSE
