Announced Wed, 17 Sept, 2025 · 17:31 IST
Waaree Energies to sell up to 6.1 million Indosolar shares
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, equal to 14.66% of paid-up capital, through an exchange sale. The floor price is INR 500 per share. Non-retail bidding is on September 18, 2025, followed by retail bidding on September 19, 2025. The sale aims to meet minimum public shareholding rules.
Likely market impact
The promoter sale may add near-term selling pressure. Indosolar gets no proceeds, though the sale may improve public shareholding and liquidity.