Waaree Energies Launches Rs 265/Share OFS to Dilute Indosolar Stake

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Waaree Energies Ltd, promoter of Indosolar Ltd, has initiated an Offer for Sale (OFS) to divest up to 1 million equity shares, aiming to meet SEBI’s minimum public shareholding norms.

Key Highlights:

The OFS will be conducted via stock exchange mechanism on July 10–11, 2025.
Floor price is set at Rs 265 per share, significantly above the earlier OFS floor price of Rs 10 in June.
The offer represents approximately 2.42% of Indosolar’s paidup equity capital.

Strategic Context:

This marks Waaree’s second stake dilution in Indosolar within two months, reflecting its commitment to regulatory compliance.
Indosolar, a leading solar PV cell and module manufacturer, has seen a sharp turnaround in financials, posting Rs 54.78 crore PAT in FY25.

Market Outlook:

The premium pricing signals strong investor confidence and improved fundamentals.
Retail and institutional investors are expected to participate actively given the company’s growth trajectory.

Sources: Economic Times, Chittorgarh, Moneycontrol.