Indosolar Limited has informed the Exchange about General Updates
WAAREEINDO · price
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Awaiting price reaction for this filing.
Waaree Energies Limited, the promoter of Indosolar Limited, plans to sell up to 4,76,495 equity shares (1.15% of the company's paid-up capital) through an Offer for Sale (OFS) on BSE and NSE. The floor price has been set at Rs. 10 per share. The OFS will open on June 5, 2025 for non-retail investors and June 6, 2025 for retail investors, with Antique Stock Broking acting as the seller's broker. The sale is being carried out to help Indosolar comply with the minimum public shareholding (MPS) requirement as mandated by SEBI. At least 10% of the shares are reserved for retail investors and 25% for mutual funds and insurance companies.
This is a small stake sale (1.15%) by the promoter purely to meet regulatory MPS norms, not a sign of promoter exit or financial stress. The floor price of Rs. 10 may act as a short-term technical reference for the stock, but the limited size means price impact should be minimal.