Market regulator SEBI has granted an exemption to the CT Doshi Family Trust regarding the transfer of promoter shares in Waaree Energies, meaning they will not have to launch a mandatory open offer. According to the regulator, this move is part of an internal family succession plan and will not result in a change of control or impact the interests of public shareholders. Under this arrangement, the trust is set to gain a direct stake of 44.88% along with an indirect stake of 18.34%.

by shortkt.com✓

4 hours ago