Waaree Energies to Sell Indosolar Shares at ₹10 Floor Price Amid Strategic Portfolio Adjustment

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Waaree Energies Ltd. has announced its proposal to sell equity shares of Indosolar Ltd. at a floor price of ₹10 per share, marking a strategic move in its portfolio restructuring. The sale comes as part of Waaree’s broader financial strategy, aimed at optimizing its solar manufacturing investments.

Offer for Sale (OFS) Details:

Waaree Energies, the promoter of Indosolar Ltd., has filed a notice for the sale of equity shares through the stock exchange mechanism.
The floor price for the sale is set at ₹10 per share, reflecting market-driven valuation adjustments.

Strategic Portfolio Realignment:

The sale aligns with Waaree’s focus on expanding its solar module and cell manufacturing capacity, ensuring efficient capital allocation.
Waaree recently received legal approval to acquire Indosolar, strengthening its solar production capabilities.

Market Reaction & Investor Sentiment:

Waaree Energies’ Q4 EBITDA surged twofold, driven by strong demand and operational efficiencies.
Analysts remain optimistic about Waaree’s future, citing a firm order book extending beyond March 2026.

Future Outlook & Expansion Plans:

Waaree plans to concentrate on the domestic market, following the implementation of the Approved List of Models and Manufacturers (ALMM) for solar cells from June 2026.
The company anticipates its cell facility to be fully operational by June 2025, supported by increased demand from AI and energy storage sectors.

Waaree Energies’ latest share sale proposal underscores its commitment to strategic financial management, ensuring long-term sustainability in India’s solar sector.

Source: Rediff Money, Mercom India, and MSN.