Waaree Energies Limited has informed the Exchange regarding 'General Updates'.
WAAREEENER · price
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Awaiting price reaction for this filing.
Waaree Energies Limited, acting as the promoter of Indosolar Limited, plans to sell 12,50,000 equity shares of Indosolar (equal to 3% of its paid-up capital) through an Offer for Sale on BSE and NSE. The sale is being done to comply with the minimum public shareholding (MPS) requirement under SEBI rules, not as a strategic exit. The OFS will run on August 7, 2025 for non-retail investors and August 8, 2025 for retail investors, both days from 9:15 AM to 3:30 PM, with a floor price of ₹500 per share (face value ₹10). Of the shares on offer, 10% is reserved for retail investors and at least 25% for mutual funds and insurance companies, with Antique Stock Broking Limited appointed as the seller's broker.
This is a regulatory-driven share sale, so it should be read as a routine compliance action rather than a negative signal about either company. For Indosolar shareholders, the OFS will temporarily increase share supply in the market, which may weigh on the stock price in the short term, especially around the floor price of ₹500.