Waaree Energies shares jump 2% on launching OFS to offload 2.4% stake in subsidiary
Waaree Energies share price will be in focus as the company launches an Offer for Sale (OFS) to offload a 2.4% stake in subsidiary Indosolar Ltd. The move aims to meet SEBI's Minimum Public Shareholding (MPS) norms. The OFS opens for non-retail investors today.
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OFS Details:
Sale Size: 10,00,000 equity shares of face value Rs 10 each
10,00,000 equity shares of face value Rs 10 each Non-Retail Investor Bidding Date (T-Day): July 10, 2025
July 10, 2025 Retail Investor Bidding Date (T+1 Day): July 11, 2025
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Waaree Energies share price history
Shares of Waaree Energies jumped 1.9% to their intraday high of Rs 3,179 on the BSE on Thursday, following the company's announcement of an Offer for Sale (OFS) of 10,00,000 equity shares of its subsidiary Indosolar Ltd. According to the official notification, the OFS represents 2.40% of Indosolar Limited's total issued and paid-up capital.The move is aimed at achieving the Minimum Public Shareholding MPS ) requirements stipulated by Sebi.The seller, Waaree Energies , will carry out the OFS exclusively through its broker via a separate trading window provided by the exchanges. The OFS is being undertaken to bring Indosolar's public shareholding in line with Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of the SEBI LODR Regulations.Antique Stock Broking will serve as the seller's broker for the transaction. The bidding process will be conducted during regular trading hours, from 9:15 a.m. to 3:30 p.m. on both days, via separate offer for sale windows on the BSE and NSE, with the BSE designated as the lead exchange.The stock of Waaree Energies has delivered a 9.05% return year-to-date (YTD), while it has gained 20.02% over the past 6 months. In the last 3 months, the stock surged 45.32%, and in the most recent 1-month period, it rose by 11.18%.The shares of Waaree Energies closed 1.7% higher at Rs 3,119.60 on the BSE on Wednesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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