Indosolar Share Price Performance: Waaree Energies to Offload 1.15% Stake

June 20, 2025: Indosolar Share Price– Waaree Energies Ltd, the sole promoter of Indosolar Ltd, has announced plans to divest a 1.15% stake in Indosolar through an Offer for Sale (OFS) to comply with the Securities and Exchange Board of India (SEBI) regulations mandating a minimum public shareholding of 25% for listed companies.

The OFS will involve the sale of 4,76,495 equity shares, each with a face value of ₹10, representing 1.15% of Indosolar’s total paid-up equity capital. The floor price for the offer has been set at ₹10 per share, with no discount offered to retail investors. The sale is scheduled to open on June 5, 2025, for non-retail investors and on June 6, 2025, for retail investors.

As of March 31, 2025, Waaree Energies held a 96.15% stake in Indosolar, with the remaining 3.85% held by public shareholders. This stake sale is expected to increase public shareholding in Indosolar, enhancing its eligibility for broader participation in the capital markets and improving stock liquidity.

In a separate development, Waaree Energies’ U.S.-based subsidiary, Waaree Solar Americas, secured a $176 million order to supply 586 MW of solar modules. The modules are scheduled for delivery in the financial year 2026–27 across four projects, reflecting Waaree’s commitment to building a resilient and technologically advanced clean energy supply chain in the U.S.

Investors and market participants will be closely monitoring the OFS process and its impact on Indosolar’s stock performance and public shareholding structure.