Newsletter
Waaree Energies, one of India’s largest solar power companies, is offloading 4.76 lakh shares of Indosolar through an offer for sale (OFS) to meet SEBI’s minimum public shareholding norms.
Waaree currently holds 96.2% in Indosolar, well above the 75% ceiling for promoter ownership in listed firms. It’s now selling 1.15% to the public at ₹10/share.
This isn’t a cash grab, it’s regulatory housekeeping. SEBI mandates that at least 25% of listed companies must be owned by the public. The OFS will help Indosolar comply and improve stock liquidity.
Big picture: Waaree is riding the solar boom. With 15 GW of global panel-making capacity and new solar cell units on the way, it’s building serious scale across India and the US—well-positioned as India ramps up clean energy ambitions.
