Waaree Energies Limited has announced plans to
dispose of up to 6.1m equity shares in Indosolar, representing
14.66% of the company’s paid-up capital according to
POWERLINE. The transaction will occur via an offer for
sale (OFS) on domestic stock exchange platforms.
The sale process will be conducted in two tranches, with
separate allocations for institutional and non-retail investors,
followed by a dedicated window for retail participants. The
transactions are scheduled to take place on both the Bombay Stock
Exchange and the National Stock Exchange, in line with regulatory
guidelines reports suggest.
The move is designed to help Indosolar comply with the
Securities and Exchange Board of India’s (SEBI) minimum public
shareholding requirements, which mandate that at least 25% of
listed entities be held by the public. Waaree, one of India’s
largest solar equipment makers, will remain a significant
shareholder following the divestment.
Market observers note that the planned stake sale comes at a
time of heightened investor interest in renewable energy stocks,
with India’s solar manufacturing sector attracting substantial
foreign and domestic capital as the country pursues its clean
energy targets.
© 2025 bne IntelliNews, source Magazine
