Solar Stocks in the Spotlight: Waaree’s OFS Heats Up Indosolar’s Market Game

Size of Stake Sale: Up to 10 lakh shares, or 2.4% of the paid-up share capital of Indosolar.
OFS Dates: July 10 for non-retail, July 11 for retail investors.
Floor Price: ₹265 per share.
Objective: To achieve SEBI&#39;s minimum public shareholding and improve public holding.
Distribution: Pro-rata basis at a common clearing price; 25% to insurance companies and mutual funds.
Market Impact: The move will be seen to increase liquidity, improve compliance, and potentially attract new investors into Indosolar.

Unknown Apr 02, 2026 950 Views

Waaree Energies Ltd, India's largest solar module manufacturer, will be offering 2.4% stake in Indosolar in an Offer for Sale (OFS) on July 10–11, 2025. This is a strategic move to meet SEBI's minimum public shareholding requirement as well as pump in liquidity into the solar manufa...