Waaree Energies to sell 10 lakh Indosolar shares via OFS at Rs 265/share on July 10–11
Waaree Energies Limited has announced an Offer for Sale (OFS) of up to 10 lakh equity shares of Indosolar Limited (2.4% of Indosolar's paid-up equity capital) through the stock exchange mechanism. The sale will happen on July 10, 2025 (for non-retail investors) and July 11, 2025 (for retail investors) via a separate window on BSE and NSE. Floor price: ₹265 per share.
Broker: Antique Stock Broking Limited.
The OFS is being conducted to meet the minimum public shareholding norms as prescribed by SEBI.
A minimum of 25% of the offer is reserved for mutual funds and insurance companies, and 10% for retail investors.
No retail discount is offered.
The seller reserves the right to cancel the OFS if bids at or above the floor price are insufficient.
This OFS will allow retail and institutional investors to bid in line with SEBI's OFS guidelines, ensuring transparency and compliance with public shareholding requirements.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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