Description

Waaree Energies Limited announces OFS of 12,50,000 equity shares (3% stake) in Indosolar Limited on August 7-8, 2025 to meet public shareholding requirements.

Summary

Waaree Energies Limited (promoter) announces an Offer for Sale (OFS) of 12,50,000 equity shares of Indosolar Limited, representing 3% of the company’s total paid-up equity share capital. The OFS will be conducted on August 7, 2025 (for Non-Retail Investors) and August 8, 2025 (for Retail Investors) through the stock exchange mechanism.

Key Points

  • Sale of 12,50,000 equity shares of face value ₹10 each
  • Represents 3% of Indosolar Limited’s total paid-up equity share capital
  • Seller: Waaree Energies Limited (Promoter)
  • OFS conducted through separate window provided by BSE and NSE
  • Two-day offering schedule with different investor categories
  • Purpose: To achieve minimum public shareholding requirements

Regulatory Changes

The OFS is being undertaken in compliance with:

  • SEBI Master Circular SEBI/HO/MRD2/PoD-2/CIR/P/2024/00181 dated December 30, 2024
  • Securities Contracts (Regulation) Rules, 1957 - Rule 19A(5)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Regulation 38
  • SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Compliance Requirements

  • OFS conducted exclusively through Seller’s designated broker
  • Compliance with minimum public shareholding criteria as prescribed under regulations
  • Adherence to stock exchange operational guidelines for OFS segment
  • Notice requirements to stock exchanges fulfilled

Important Dates

  • August 7, 2025 (T-day): OFS for Non-Retail Investors only
  • August 8, 2025 (T+1 day): OFS for Retail Investors
  • Notice Date: August 6, 2025

Impact Assessment

Market Impact: Medium - The OFS involves a significant 3% stake sale which may impact Indosolar’s stock price and trading volumes during the offering period.

Operational Impact: The sale will help Indosolar achieve compliance with minimum public shareholding requirements, improving regulatory standing and potentially enhancing liquidity in the stock.

Impact Justification

Significant OFS involving 3% stake sale by promoter to achieve minimum public shareholding compliance