Waaree Energies: Promoter Trust Acquires 18.34% Stake Indirectly

C.T. Doshi Family Trust, a promoter group entity, has indirectly acquired 18.34% stake in Waaree Energies Limited through the acquisition of Waaree Sustainable Finance Private Limited (WSFPL). This was achieved via a gift of 99.9995% of WSFPL's shares to the trust. The acquisition is an inter-se transfer among qualifying persons and is exempted from open offer obligations under SEBI regulations. The move aims to streamline succession and intergenerational wealth transfer without impacting public shareholders.