Waaree Energies disclosed a major promoter group transaction on exchanges today as Chimanlal Tribhuvandas Doshi, a member of the promoter group, has acquired 45.93% equity stake in the company through an off-market gift transfer.
According to the stock exchange filing, Doshi received 13.19 crore equity shares on June 24, 2025, taking his holding to 45.93% of Waaree Energies’ total paid-up share capital. Before this transaction, Doshi did not hold any shares in the company.
The company clarified that the transaction falls under inter-se promoter transfers as per SEBI (SAST) Regulations and was executed between immediate relatives.
Waaree Energies’ total equity capital remains unchanged at Rs 287.28 crore, comprising 28.72 crore shares with a face value of Rs 10 each. The filing confirmed that there is no change in the total voting capital post this acquisition.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
