Waaree Energies to offload 14.66% stake in Indosolar via OFS on Sept 18-19

Waaree Energies Limited, the promoter of Indosolar Limited, will sell up to 61 lakh equity shares—representing 14.66% of the solar equipment maker's paid-up capital—through an Offer for Sale (OFS) mechanism on the stock exchanges.

The OFS will open for non-retail investors on September 18, 2025 (T-day) and for retail investors on September 19, 2025 (T+1 day), according to a company filing with BSE and NSE. The shares, with a face value of ₹10 each, will be sold via a separate trading window provided by the exchanges.

The share sale is being undertaken to comply with minimum public shareholding norms prescribed under Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of SEBI's Listing Obligations and Disclosure Requirements. Offer for Sale is among the methods permitted by the market regulator for achieving this requirement.

Antique Stock Broking Limited has been appointed as the seller’s broker for the transaction.

Indosolar, part of India's growing renewable energy sector, manufactures photovoltaic cells and modules. With the push for clean energy gaining policy and investor momentum, the OFS comes at a time when solar companies are attracting heightened market attention.