Announced Wed, 17 Sept, 2025 · 19:21 IST
Promoter to sell 6.1 million Indosolar shares at Rs 500 floor price
WAAREEINDO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Promoter Waaree Energies plans to sell up to 6.1 million Indosolar shares through an exchange offer for sale on September 18 and 19, 2025, to meet minimum public shareholding rules. The shares equal 14.66% of paid-up capital. The floor price is Rs 500 per share, against a reported market close of Rs 82,693.71, with 10% reserved for retail investors.
Likely market impact
The discounted sale may pressure the share price, while the promoter stake sale should raise public float and improve regulatory compliance.