The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Waaree Energies Ltd
WAAREEINDO · price
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Waaree Energies Ltd, the promoter of Indosolar Ltd, has sold a total of 14,76,495 equity shares (3.55% of paid-up capital) of Indosolar through an Offer for Sale (OFS) in the open market. The sale happened in two tranches — 4,76,495 shares (1.15%) on June 5-6, 2025, and 10,00,000 shares (2.40%) on July 10-11, 2025. Before the sale, Waaree held 4,00,00,000 shares (96.15%); after the sale, its holding stands at 3,85,23,505 shares (92.60%). No encumbrances or pledges were involved. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, 2011.
The promoter remains comfortably above the minimum public shareholding threshold, with holding only reducing from 96.15% to 92.60%. The OFS increases Indosolar's public float, which is a positive for liquidity, but signals a modest promoter stake reduction. Shareholders should note that the parent company (Waaree) is gradually trimming its stake, likely as part of a structured divestment.