Afternoon Energies to offload 2.4% Stake in Indosolar via ofs on July 10–1

Indosolar Limited, a subsidiary of Waaree Energies Limited, on Wednesday announced an Offer for Sale (OFS) of up to 10 lakh equity shares, representing 2.40% of the company’s total paid-up equity capital.The OFS will be conducted via the stock exchange mechanism on July 10, 2025, for non-retail investors and on July 11, 2025, for retail investors.
The offer is being undertaken to meet the minimum public shareholding norms as per Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957, and SEBI’s listing obligations. The floor price has been set at ₹265 per share. No discount is being offered to retail investors.
Also Read: Waaree Energies shares jump 9% on plans to double US capacity, FTSE inflowsAntique Stock Broking Limited is acting as the seller’s broker for the transaction. Bidding will take place during normal trading hours from 9:15 a.m. to 3:30 p.m. on both days through separate windows on the BSE and NSE, with BSE as the designated exchange.

Of the total shares on offer, 10% are reserved for retail investors, and a minimum of 25% is reserved for mutual funds and insurance companies, subject to valid bids. Allocation will be done based on price priority, with retail investors also having the option to bid at the cut-off price derived from non-retail bidding.

Shares of Waaree Energies Ltd ended at ₹3,119.60, up by ₹52.10, or 1.70%, on the BSE.

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