Waaree Energies Limited, the promoter of Indosolar Limited, has announced plans to sell up to 61 lakh equity shares, representing 14.66% of the company’s paid-up capital, through an Offer for Sale (OFS) mechanism on the stock exchanges.
OFS Timeline and Structure
- Non-retail investors (T-day): September 18, 2025
- Retail investors (T+1 day): September 19, 2025
The equity shares, each with a face value of ₹10, will be offered via a separate trading window on the BSE and NSE, in line with exchange guidelines.
Regulatory Compliance
The stake sale is being conducted to meet the minimum public shareholding norms, as mandated under Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of SEBI’s Listing Obligations and Disclosure Requirements. The OFS mechanism is one of the prescribed routes for achieving this compliance.
Antique Stock Broking Limited has been appointed as the seller’s broker for the transaction.
About Indosolar
Indosolar is engaged in the manufacturing of photovoltaic cells and solar modules, playing an active role in India’s renewable energy ecosystem. With the government’s strong policy push for clean energy adoption, the OFS comes at a time when solar companies are drawing increasing attention from both policymakers and investors.
Summary
- Waaree Energies to sell 14.66% stake (61 lakh shares) in Indosolar via OFS.
- OFS opens for institutions on Sept 18 and for retail investors on Sept 19, 2025.
- Stake sale aimed at meeting minimum public shareholding norms.
- Antique Stock Broking appointed as broker for the sale.
- Comes amid growing investor focus on India’s solar energy sector.
Disclaimer:
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