Waaree Energies Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 61,00,000 Equity shares of face value of INR 10/- each of Indosolar Limited. Date and time of the opening of the offer for Non-Retail Investors: September 18, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: September 18, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: September 19, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: September 19, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 500/- (Rupees Five Hundred only)
WAAREEINDO · price
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Waaree Energies Limited, a promoter/promoter group entity, is offloading up to 61 lakh (6.1 million) equity shares of Indosolar Limited through the stock exchange OFS mechanism. The floor price has been set at INR 500 per share (face value INR 10). Non-Retail Investors can bid on September 18, 2025 (9:15 AM to 3:30 PM), while Retail Investors get their separate window on September 19, 2025 (9:15 AM to 3:30 PM). The sale will happen on a dedicated exchange window on each day. Bids above the floor price may be accepted depending on demand.
This is a supply event where an existing shareholder is reducing its stake, which can create short-term selling pressure on Indosolar's stock. Retail investors should compare the INR 500 floor price with the prevailing market price before bidding, as prices in OFS often trade at a discount to market.