Waaree Energies Limited is set to offload up to 2.4% stake in its subsidiary Indosolar Limited through an Offer for Sale (OFS) scheduled for July 10 and 11, 2025, according to an exchange filing and media reports.
The two-day OFS will begin on July 10 for non-retail investors, followed by July 11 for retail investors. The base offer includes 4,76,495 equity shares, representing 1.15% of Indosolar’s paid-up capital, with an option to expand the sale to 2.4%, depending on investor demand.
The floor price has been set at ₹10 per share, and the transaction is being managed by Antique Stock Broking Limited. A portion of the shares has been reserved for mutual funds, insurance firms, and retail investors to ensure diverse investor participation. Any unsold shares from one category may be reallocated to others, as per SEBI guidelines.
This move is part of Waaree’s effort to meet SEBI’s minimum public shareholding norms, which require a specified portion of shares in listed companies to be held by public investors. The OFS not only ensures regulatory compliance but also opens up opportunities for new investors to participate in Indosolar’s future.
As Indosolar continues to grow within India’s fast-expanding solar manufacturing sector, this share sale marks an important step toward enhancing its market visibility and shareholder base.
