TPL India Promoter Bharat C Parekh Offloads 15 Lakh Shares in Open Market
Bharat C Parekh, a key promoter of TPINDIA, sold 15,00,000 equity shares (3.49% of total voting capital) through open market transactions on September 24 and 25, 2025. The sale reduced Parekh's shareholding from 58.55% to 55.06%, though he remains a significant shareholder. TPINDIA's total equity share capital remains unchanged at 4,29,63,470 shares. The transaction was reported in compliance with SEBI regulations.
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TPINDIA recently witnessed a significant change in its promoter shareholding as Bharat C Parekh, a key promoter of the company, sold a substantial portion of his stake through open market transactions.
Transaction Details
Parekh divested a total of 15,00,000 equity shares, representing 3.49% of TPINDIA's total voting capital. The sale was executed over two consecutive days:
- September 24, 2025: 5,00,000 shares
- September 25, 2025: 10,00,000 shares
Impact on Shareholding
Following this transaction, Bharat C Parekh's shareholding in TPINDIA has undergone a notable change:
| Aspect | Before Sale | After Sale | Change |
|---|---|---|---|
| Shares Held | 2,51,55,515 | 2,36,55,515 | -15,00,000 |
| Shareholding Percentage | 58.55% | 55.06% | -3.49% |
Despite this reduction, Parekh remains a significant shareholder in the company, retaining over half of TPINDIA's voting rights.
Company Overview
TPINDIA's total equity share capital stands at 4,29,63,470 shares, which remains unchanged following this transaction.
Regulatory Compliance
In compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, Bharat C Parekh has duly informed both the stock exchange and TPINDIA about this transaction. This disclosure ensures transparency in the shareholding patterns of listed entities, particularly when it involves promoter group members.
The sale of shares by a promoter often attracts market attention, as it can be perceived as a signal about the company's future prospects or the promoter's confidence. However, it's important to note that there can be various reasons for such transactions, including personal financial planning or portfolio rebalancing, and they do not necessarily reflect on the company's performance or outlook.
Historical Stock Returns for TPINDIA
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.12% | +2.57% | -9.15% | +1.63% | -3.06% | +160.31% |
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