Waaree Energies Promoters Raise Stake To 45.9% Via Off-Market Deals

Promoters of Waaree Energies Ltd. have acquired 19.38 million shares, or a 6.7% stake in the company, through off-market transactions carried out on Monday and Tuesday, the company said in a filing on Wednesday.

Following the acquisition, the combined promoter holding has risen to 45.9% from 39.2%. Individually, Hitesh Chimanlal Doshi raised his stake to 11.5% from 10.5%, Kirit Chimanlal Doshi to 11.4% from 10.5%, Viren Chimanlal Doshi to 11.7% from 9.5%, and Pankaj Chimanlal Doshi to 11.4% from 8.8%.