Waaree Energies, promoter of Indosolar, will sell up to 61 lakh equity shares, representing 14.66 per cent of Indosolar’s paid-up capital, through an Offer for Sale (OFS) on stock exchanges. The move is aimed at meeting SEBI’s minimum public shareholding (MPS) norms.

The OFS will open for non-retail investors on September 18 (T-day), followed by retail investors on September 19 (T+1 day), through a dedicated trading window. Each share carries a face value of Rs 10.

Antique Stock Broking has been appointed as the seller’s broker to manage the transaction, ensuring compliance and transparency.

The sale underscores Waaree’s alignment with regulatory requirements while potentially widening Indosolar’s investor base. As a key player in India’s solar photovoltaic cell and module manufacturing sector, Indosolar is well-positioned to benefit from rising investor interest amid India’s clean energy push.

News source: Bharat Aawaz