TPL India Promoter Bharat C Parekh Reduces Stake by 1.16% in Open Market Sale

1 min read     Updated on 17 Sept 2025, 10:19 AM
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Overview

Bharat C Parekh, a promoter of TPINDIA, sold 5,00,000 shares (1.16% of total voting capital) in an open market transaction on September 15, 2025. This reduced his shareholding from 63.21% to 62.04%. The sale was disclosed to the stock exchange in compliance with SEBI regulations. TPINDIA's total equity share capital remains unchanged at 4,29,63,470 shares.

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*this image is generated using AI for illustrative purposes only.

TPINDIA , a prominent player in the Indian market, recently witnessed a significant change in its shareholding pattern as one of its promoters, Bharat C Parekh, reduced his stake in the company through an open market transaction.

Transaction Details

On September 15, 2025, Bharat C Parekh sold 5,00,000 shares of TPINDIA in the open market. This sale represents approximately 1.16% of the company's total voting capital. The transaction has led to a notable shift in the promoter's shareholding:

Particulars Before Sale After Sale Change
Shares Held 2,71,55,515 2,66,55,515 -5,00,000
Shareholding Percentage 63.21% 62.04% -1.17%

Impact on Shareholding Structure

Following this transaction, Bharat C Parekh's stake in TPINDIA has decreased from 63.21% to 62.04%. Despite this reduction, Parekh remains a significant shareholder in the company, retaining his status as a promoter.

Company Overview

TPINDIA's total equity share capital stands at 4,29,63,470 shares, which remains unchanged after this transaction.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations regarding substantial acquisition of shares and takeovers, Bharat C Parekh has made the necessary disclosures to the stock exchange. This transparency ensures that all stakeholders are informed about significant changes in the company's shareholding pattern.

The disclosure, dated September 16, 2025, was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. It provides detailed information about the transaction, including the mode of sale, which was conducted through the open market.

This development may be of interest to investors and market analysts tracking TPINDIA, as changes in promoter shareholding can sometimes influence market sentiment and stock performance.

Historical Stock Returns for TPINDIA

1 Day5 Days1 Month6 Months1 Year5 Years
-2.52%-4.66%+5.99%+0.29%-24.31%+163.57%
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TPL India Promoter Bharat C Parekh Boosts Stake to 64.5% Through Open Market Purchase

1 min read     Updated on 01 Aug 2025, 11:03 AM
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Reviewed by
Naman SharmaScanX News Team
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Overview

Bharat C Parekh, a promoter of TPINDIA, increased his stake in the company from 61.11% to 64.50% through open market transactions. On July 29, 2025, he acquired 14,57,677 shares, representing 3.39% of the company's total voting capital. The acquisition was disclosed in a regulatory filing under SEBI regulations. The company's total equity share capital remains unchanged at 4,29,63,470 shares. This move strengthens the promoter group's hold on TPINDIA and may signal confidence in the company's future prospects.

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*this image is generated using AI for illustrative purposes only.

TPINDIA witnessed a significant change in its shareholding pattern as promoter Bharat C Parekh increased his stake in the company through open market transactions. The move underscores the promoter's confidence in the company's future prospects.

Acquisition Details

On July 29, 2025, Bharat C Parekh acquired 14,57,677 shares of TPINDIA, representing 3.39% of the company's total voting capital. This strategic purchase has resulted in a substantial increase in Parekh's shareholding:

Particulars Before Acquisition After Acquisition
Shares Held 2,62,53,827 2,77,11,504
Stake (%) 61.11 64.50

The acquisition was executed through open market transactions, as disclosed in the regulatory filing under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Impact on Shareholding Structure

Following this transaction, the promoter group's hold on TPINDIA has strengthened considerably. The company's total equity share capital remains unchanged at 4,29,63,470 shares, indicating that the acquisition did not involve any fresh issuance of shares.

Regulatory Compliance

In compliance with regulatory requirements, Bharat C Parekh promptly filed the necessary disclosures with the BSE Limited and the company on July 31, 2025. This transparency ensures that all stakeholders are informed about significant changes in the company's ownership structure.

Market Implications

The increased promoter stake often signals confidence in a company's future prospects and may be viewed positively by the market. However, it's important to note that this move also reduces the public float, which could potentially impact the stock's liquidity.

Investors and market participants will likely monitor TPINDIA closely in the coming days to gauge any potential impact on the company's stock price and overall market sentiment.

As TPINDIA continues to navigate the business landscape, this significant change in promoter holding may influence the company's strategic decisions and corporate governance practices going forward.

Historical Stock Returns for TPINDIA

1 Day5 Days1 Month6 Months1 Year5 Years
-2.52%-4.66%+5.99%+0.29%-24.31%+163.57%
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